Twitter Rating Reiterated by Cowen and Company (TWTR)
Twitter (NYSE:TWTR)‘s stock had its “underperform” rating reiterated by Cowen and Company in a research note issued on Thursday, AnalystRatings.NET reports.
A number of other firms have also recently commented on TWTR. Analysts at CRT Capital cut their price target on shares of Twitter from $65.00 to $55.00 in a research note to investors on Thursday. They now have a “fair value” rating on the stock. Separately, analysts at Sterne Agee downgraded shares of Twitter from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday. Finally, analysts at Susquehanna cut their price target on shares of Twitter to $48.00 in a research note to investors on Thursday. Twelve equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company. Twitter presently has an average rating of “Hold” and a consensus price target of $49.00.
Twitter (NYSE:TWTR) opened at 50.9885 on Thursday. Twitter has a one year low of $38.80 and a one year high of $74.73. The stock’s 50-day moving average is $62.40 and its 200-day moving average is $54.55. The company’s market cap is $27.773 billion.
Twitter (NYSE:TWTR) last announced its earnings results on Wednesday, February 5th. The company reported $0.02 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.01) by $0.03. The company had revenue of $243.00 million for the quarter, compared to the consensus estimate of $218.45 million. On average, analysts predict that Twitter will post $-0.04 earnings per share for the current fiscal year.
Twitter operates a free digital service site that blends social networking with the ability to post short messages (NYSE:TWTR) limited to 140 characters or less, commonly known by users as Tweets.
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