Twitter Price Target Increased to $45.00 by Analysts at Susquehanna (TWTR)
Stock analysts at Susquehanna increased their price target on shares of Twitter (NYSE:TWTR) from $39.00 to $45.00 in a report issued on Thursday. Susquehanna’s price objective would indicate a potential downside of 2.81% from the company’s current price.
Several other analysts have also recently commented on the stock. 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. Separately, analysts at Goldman Sachs raised their price target on shares of Twitter from $52.00 to $63.00 in a research note on Thursday. Finally, analysts at Cantor Fitzgerald raised their price target on shares of Twitter from $40.00 to $58.00 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. Twitter has a consensus rating of “Hold” and an average price target of $51.73.
Twitter (NYSE:TWTR) opened at 46.30 on Thursday. 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 $38.87 and its 200-day moving average is $45.0. The company’s market cap is $27.036 billion.
Twitter (NYSE:TWTR) last posted its quarterly earnings results 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.
Twitter, Inc (NYSE:TWTR) is a global platform for public self-expression and conversation in real time.
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