Twitter Rating Reiterated by Topeka Capital Markets (TWTR)
Twitter (NYSE:TWTR)‘s stock had its “buy” rating reiterated by Topeka Capital Markets in a research note issued on Wednesday. They currently have a $62.00 price objective on the stock, up from their previous price objective of $60.00. Topeka Capital Markets’ target price points to a potential upside of 33.91% from the company’s current price.
Twitter (NYSE:TWTR) traded up 19.98% during mid-day trading on Wednesday, hitting $46.30. 116,168,648 shares of the company’s stock traded hands. Twitter has a 1-year low of $29.51 and a 1-year high of $74.73. The stock’s 50-day moving average is $38.56 and its 200-day moving average is $45.03. The company’s market cap is $27.036 billion.
Twitter (NYSE:TWTR) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.02 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.01) by $0.03. The company had revenue of $312.00 million for the quarter, compared to the consensus estimate of $282.44 million. During the same quarter in the prior year, the company posted ($0.12) earnings per share. The company’s quarterly revenue was up 124.0% on a year-over-year basis. On average, analysts predict that Twitter will post $0.04 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at FBN Securities upgraded shares of Twitter from a “sector perform” rating to an “outperform” rating in a research note on Wednesday. They now have a $60.00 price target on the stock, up previously from $50.00. Separately, analysts at Telsey Advisory Group raised their price target on shares of Twitter from $43.00 to $50.00 in a research note on Wednesday. They now have a “not rated” rating on the stock. Finally, analysts at Macquarie raised their price target on shares of Twitter from $36.00 to $52.00 in a research note on Wednesday. They now have a “neutral” rating on the stock. Four analysts have rated the stock with a sell rating, twenty have given a hold rating and sixteen have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $50.57.
Twitter, Inc (NYSE:TWTR) is a global platform for public self-expression and conversation in real time.
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