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Twitter (NYSE:TWTR)‘s stock had its “buy” rating reaffirmed by analysts at Nomura in a research report issued to clients and investors on Wednesday. They currently have a $50.00 target price on the stock, up from their previous target price of $43.00. Nomura’s price target would suggest a potential upside of 7.99% from the stock’s previous close.

Shares of Twitter (NYSE:TWTR) traded up 19.98% on Wednesday, hitting $46.30. The stock had a trading volume of 116,168,544 shares. Twitter has a 52 week low of $29.51 and a 52 week 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 announced its earnings results on Tuesday, July 29th. The company reported $0.02 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted ($0.12) earnings per share. Twitter’s revenue was up 124.0% compared to the same quarter last year. 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 Topeka Capital Markets reiterated a “buy” rating on shares of Twitter in a research note on Wednesday. They now have a $62.00 price target on the stock, up previously from $60.00. Separately, 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. Finally, 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. Four research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and sixteen have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $50.57.

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

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