Nomura Lowers Twitter Price Target to $47.00 (TWTR)
Analysts at Nomura lowered their price objective on shares of Twitter (NYSE:TWTR) from $52.00 to $47.00 in a research report issued to clients and investors on Wednesday, StockRatingsNetwork reports. Nomura’s price objective suggests a potential upside of 10.28% from the company’s current price.
Shares of Twitter (NYSE:TWTR) traded down 10.72% on Wednesday, hitting $38.0522. 30,082,262 shares of the company’s stock traded hands. Twitter has a 52-week low of $38.80 and a 52-week high of $74.73. The stock has a 50-day moving average of $46.35 and a 200-day moving average of $52.21. The company’s market cap is $21.426 billion.
Twitter (NYSE:TWTR) last released its earnings data on Tuesday, April 29th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by $0.19. The company had revenue of $250.00 million for the quarter, compared to the consensus estimate of $240.90 million. During the same quarter in the previous year, the company posted ($0.08) earnings per share. The company’s revenue for the quarter was up 119.7% on a year-over-year basis. On average, analysts predict that Twitter will post $0.02 earnings per share for the current fiscal year.
A number of other firms have also recently commented on TWTR. Analysts at Zacks reiterated a “neutral” rating on shares of Twitter in a research note on Wednesday. They now have a $45.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “positive” rating on shares of Twitter in a research note on Wednesday. Finally, analysts at SunTrust reiterated a “neutral” rating on shares of Twitter in a research note on Wednesday. They now have a $50.00 price target on the stock, down previously from $55.00. Ten investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $46.27.
Twitter, Inc (NYSE:TWTR), is a global platform for public self-expression and conversation in real time.
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