Twitter Rating Reiterated by Bank of America (TWTR)
Twitter (NYSE:TWTR)‘s stock had its “underperform” rating reiterated by investment analysts at Bank of America in a note issued to investors on Wednesday, Analyst Ratings.Net reports. They currently have a $36.00 price objective on the stock, down from their previous price objective of $40.00. Bank of America’s target price points to a potential downside of 15.53% from the stock’s previous close.
TWTR has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Twitter in a research note on Wednesday. They now have a $42.00 price target on the stock, down previously from $44.00. Separately, analysts at Macquarie cut their price target on shares of Twitter from $46.00 to $36.00 in a research note on Wednesday. They now have an “underperform” rating on the stock. Finally, analysts at Cowen and Company reiterated an “underperform” rating on shares of Twitter in a research note on Wednesday. They now have a $26.00 price target on the stock, down previously from $32.00. Ten equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have given a buy rating to the stock. Twitter currently has an average rating of “Hold” and a consensus price target of $46.27.
Shares of Twitter (NYSE:TWTR) traded down 10.70% on Wednesday, hitting $38.06. The stock had a trading volume of 30,071,076 shares. 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 $21.430 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. 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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