Twitter Price Target Cut to $35.00 (TWTR)
Stock analysts at UBS AG lowered their target price on shares of Twitter (NYSE:TWTR) from $42.00 to $35.00 in a report issued on Wednesday, Analyst Ratings Net reports. UBS AG’s price objective suggests a potential downside of 17.88% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura cut their price target on shares of Twitter from $52.00 to $47.00 in a research note on Wednesday. Separately, 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. Finally, analysts at Deutsche Bank reiterated a “positive” rating on shares of Twitter in a research note on Wednesday. Ten investment 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 company currently has a consensus rating of “Hold” and a consensus price target of $46.27.
Twitter (NYSE:TWTR) traded down 10.72% during mid-day trading on Wednesday, hitting $38.05. 30,081,190 shares of the company’s stock traded hands. Twitter has a 1-year low of $38.80 and a 1-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 announced its earnings results 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. Analysts expect that Twitter will post $0.02 EPS for the current fiscal year.
Twitter, Inc (NYSE:TWTR), is a global platform for public self-expression and conversation in real time.
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