Twitter PT Raised to $50.00 at Bernstein (TWTR)
Bernstein raised their price objective on shares of Twitter (NYSE:TWTR) from $40.00 to $50.00 in a research note issued on Thursday. Bernstein’s target price would indicate a potential upside of 7.99% from the company’s current price.
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 released its 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. Analysts expect that Twitter will post $0.04 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on TWTR. Analysts at Wedbush raised their price target on shares of Twitter from $40.00 to $50.00 in a research note on Thursday. Separately, analysts at Susquehanna raised their price target on shares of Twitter from $39.00 to $45.00 in a research note on Thursday. Finally, 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. Four analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Twitter currently has a consensus rating of “Hold” and a consensus target price of $51.73.
Twitter, Inc (NYSE:TWTR) is a global platform for public self-expression and conversation in real time.
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