Price Target Update on Twitter (NYSE:TWTR)

Twitter (NYSE:TWTR) : 22 Wall Street analysts covering Twitter (NYSE:TWTR) believe that the average level the stock could reach for the short term is $18.91. The maximum price target given is $32 and the minimum target for short term is around $10, hence the standard deviation is calculated at $5.19.

Other Equity analysts have also commented on the company shares. MoffettNathanson downgrades its view on Twitter (NYSE:TWTR) according to the research report released by the firm to its investors. The shares have now been rated Sell by the stock experts at the ratings house. Earlier, the shares had a rating of Neutral. The rating by the firm was issued on May 24, 2016.

Twitter (NYSE:TWTR): stock turned positive on Thursday. Though the stock opened at $16.3, the bulls momentum made the stock top out at $17.07 level for the day. The stock recorded a low of $16.28 and closed the trading day at $17.04, in the green by 5.64%. The total traded volume for the day was 25,373,143. The stock had closed at $16.13 in the previous days trading.

The company shares have dropped -54.14% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $38.82 and the one year low was seen on May 24, 2016. The 50-Day Moving Average price is $14.85 and the 200 Day Moving Average price is recorded at $17.47. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Chief Accounting Officer) of Twitter, Inc., Kaiden Robert had sold 20,231 shares worth of $309,939 in a transaction dated June 6, 2016. In this transaction, 20,231 shares were sold at $15.32 per share.

Twitter, Inc. (Twitter) is a global platform for public self-expression and conversation in real time. The Company offers products and services for users, advertisers, developers and platform and data partners. Products and services for users enables a way for people to create, distribute and discover content, which enables a user on Twitter to create a tweet and a user to follow other users. Products and services for advertisers consist of promoted products, which enable its advertisers to promote their brands, products and services, and extend the conversation around their advertising message. Products for platform partners and developers provide a set of tools, public application program interface (APIs) and embeddable widgets that developers use to contribute their content to its platform, syndicate and distribute its content across their properties. Products for data partners offer subscription access to its public data feed.

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