Twitter (TWTR) Receives Price Target

Twitter (TWTR) : The highest short term price target forecast on Twitter (TWTR) is $27 and the lowest target price is $9. A total of 23 equity analysts are currently covering the company. The average price of all the analysts is $16.97 with a standard deviation of $4.45.

Twitter (TWTR) : 26 analysts are covering Twitter (TWTR) and their average rating on the stock is 2.92, which is read as a Hold. 4 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. 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, 2 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 18 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Also, Equity Analysts at the Brokerage Firm, Evercore ISI Group, downgrades their rating on the shares of Twitter (NYSE:TWTR). Evercore ISI Group has a Sell rating on the shares. Previously, the analysts had a Hold rating on the shares. As per the latest research report, the brokerage house lowers the price target to $17 per share from a prior target of $18. The rating by the firm was issued on August 18, 2016.

Twitter (NYSE:TWTR): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $19.37 and $19.27 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $20.14. The buying momentum continued till the end and the stock did not give up its gains. It closed at $19.50, notching a gain of 1.51% for the day. The total traded volume was 39,755,902 . The stock had closed at $19.21 on the previous day.

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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