Wall Street Consensus On Twitter: Sell The Stock
Shares of Twitter Inc (NYSE: TWTR) continued trading lower on Friday after Thursday's disappointing earnings report resulted in a more than 10 percent selloff in the stock.
14 Voices From The Street
Here is a roundup of the mostly unanimous bearish outlook from Wall Street's top analysts following the earnings report:
- Trip Chowdhry of Global Equities research reiterated his view that the social media sector is near the end and Twitter's stock should be valued at just $10 per share.
- Analysts at Morgan Stanley slashed their price target on Twitter's stock from $13.50 to $10.
- Analysts at Loop Capital downgraded Twitter to Sell from Hold with a price target lowered to $10 from a previous $16.
- Aegis Capital's Victor Anthony lowered his price target on Twitter's stock to $12 from a previous $14.
- Wedbush's Michael Pachter lowered his price target on Twitter's stock to $13 from a previous $14.
- RBC Capital's Mark Mahaney reiterated an Underperform rating with a price target lowered to $12 from a previous $14.
- Analysts at Atlantic Equities downgraded Twitter to Underweight from Neutral with a price target lowered to $13 from a previous $16.
- Pivotal's Brian Wieser is slightly more optimistic on Twitter's stock and placed a $15 valuation, which is lower than his prior $17 target.
- Analysts at Deutsche Bank downgraded Twitter to Hold from Buy with a price target lowered to $15 from a previous $22.
- Analysts at SunTrust commented that Twitter's stock will continue falling and become even more dire in 2017 as major brands re-evaluate their budget allocations.
- Analysts at Cowen downgraded Twitter's stock to Underperform from Market Perform.
- Analysts at Raymond James also downgraded Twitter's stock to Underperform from Market Perform.
- Analysts at UBS downgraded Twitter to Sell from Neutral.
- Analysts at Citigroup downgraded Twitter to Sell from Neutral.
Latest Ratings for TWTR
Date | Firm | Action | From | To |
---|---|---|---|---|
Mar 2022 | Deutsche Bank | Initiates Coverage On | Hold | |
Mar 2022 | Benchmark | Initiates Coverage On | Hold | |
Feb 2022 | Wells Fargo | Maintains | Equal-Weight |
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