Share on StockTwits

Twitter (NYSE:TWTR)‘s stock had its “underperform” rating reaffirmed by equities research analysts at Cowen and Company in a research note issued to investors on Wednesday, AnalystRatingsNetwork reports. They currently have a $26.00 price target on the stock, down from their previous price target of $32.00. Cowen and Company’s target price suggests a potential downside of 39.00% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at UBS AG cut their price target on shares of Twitter from $42.00 to $35.00 in a research note on Wednesday. Separately, analysts at Nomura cut their price target on shares of Twitter from $52.00 to $47.00 in a research note on Wednesday. Finally, 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. Ten analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $46.27.

Shares of Twitter (NYSE:TWTR) traded down 10.72% during mid-day trading on Wednesday, hitting $38.05. The stock had a trading volume of 30,081,130 shares. Twitter has a one year low of $38.80 and a one year 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 $21.424 billion.

Twitter (NYSE:TWTR) last posted its quarterly earnings results on Tuesday, April 29th. The company reported ($0.22) EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted ($0.08) earnings per share. The company’s quarterly revenue 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.

Twitter, Inc (NYSE:TWTR), is a global platform for public self-expression and conversation in real time.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.