Twitter Given New $50.00 Price Target at Wedbush (TWTR)
Equities researchers at Wedbush boosted their price objective on shares of Twitter (NYSE:TWTR) from $40.00 to $50.00 in a research report issued on Thursday. Wedbush’s price target suggests a potential upside of 7.99% from the stock’s previous close.
Shares of Twitter (NYSE:TWTR) opened at 46.30 on Thursday. Twitter has a one year low of $29.51 and a one year high of $74.73. The stock’s 50-day moving average is $38.87 and its 200-day moving average is $45.0. The company’s market cap is $27.036 billion.
Twitter (NYSE:TWTR) last released its earnings data on Tuesday, July 29th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted ($0.12) earnings per share. The company’s revenue for the quarter was up 124.0% on a year-over-year basis. Analysts expect that Twitter will post $0.04 EPS for the current fiscal year.
TWTR has been the subject of a number of other recent research reports. Analysts at Susquehanna raised their price target on shares of Twitter from $39.00 to $45.00 in a research note on Thursday. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Twitter from $42.00 to $54.00 in a research note on Thursday. Finally, analysts at Goldman Sachs raised their price target on shares of Twitter from $52.00 to $63.00 in a research note on Thursday. Four research analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $51.73.
Twitter, Inc (NYSE:TWTR) is a global platform for public self-expression and conversation in real time.
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