Short Term Price Target on Twitter (TWTR)

Twitter (NYSE:TWTR) : The highest level Twitter (NYSE:TWTR) is projected to reach is $32 for the short term and the lowest estimate is at $10. The consolidated price target from 22 rating analysts who initiate coverage on the stock is $18.91 and the possibility the share price can swing is $5.19.

Twitter, Inc. has dropped 0.76% in the last five trading days, however, the shares have posted positive gains of 12.58% in the last 4 weeks. Twitter, Inc. is up 5.82% in the last 3-month period. Year-to-Date the stock performance stands at -26.92%. Also, In the latest statement by the brokerage house, MoffettNathanson downgrades its outlook on Twitter (NYSE:TWTR). The current rating of the shares is Sell, according to the research report released by the firm. Previously, the company had a rating of Neutral. The rating by the firm was issued on May 24, 2016.

Twitter (NYSE:TWTR) : 27 analysts are covering Twitter (NYSE:TWTR) and their average rating on the stock is 2.37, which is read as a Buy. 10 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Twitter (NYSE:TWTR) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 2 more analyst has given the stock a Sell recommendation. A total of 13 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Twitter (NYSE:TWTR): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $16.80 and $16.73 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $17.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $16.91, notching a gain of 0.48% for the day. The total traded volume was 14,111,037 . The stock had closed at $16.83 on the previous day.

In an insider trading activity, Kaiden Robert, officer (Chief Accounting Officer) of Twitter, Inc., unloaded 20,231 shares at an average price of $15.32 on June 6, 2016. The total amount of the transaction was worth $309,939, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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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