JPMorgan Chase & Co. initiated coverage on shares of Twitter (NYSE:TWTR) in a research report released on Monday morning, TheFlyOnTheWall.com reports. The firm issued a neutral rating and a $40.00 price objective on the stock.
“Twitter continues to innovate and improve its product offering through richer content and media in the timeline. During 4Q13, Twitter launched updates to both its desktop and mobile timeline interface to display previews of pictures and videos, which we believe should help increase user engagement. Similarly, on the ad product side, we expect Twitter to continue to make its ad platform more engaging and easier to use, with examples including Twitter Cards, Twitter Amplify, and self-serve products. We believe Twitter also shows a relatively low number of ads in the timeline, suggesting room for ad load upside.,” the firm’s analyst wrote.
Shares of Twitter (NYSE:TWTR) opened at 40.78 on Monday. Twitter has a one year low of $38.80 and a one year high of $50.09. The stock has a 50-day moving average of $41.88 and a 200-day moving average of $41.88. The company’s market cap is $22.213 billion.
A number of other firms have also recently commented on TWTR. Analysts at Goldman Sachs Group Inc. initiated coverage on shares of Twitter in a research note to investors on Monday. They set a buy rating and a $46.00 price target on the stock. Separately, analysts at Miller Tabak initiated coverage on shares of Twitter in a research note to investors on Wednesday, November 27th. They set a hold rating on the stock. Finally, analysts at MKM Partners initiated coverage on shares of Twitter in a research note to investors on Wednesday, November 27th. They set a buy rating and a $50.00 price target on the stock. Five research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have assigned a buy rating to the company. Twitter has an average rating of Hold and a consensus target price of $40.83.
Twitter operates a free digital service site that blends social networking with the ability to post short messages (NYSE:TWTR) limited to 140 characters or less, commonly known by users as Tweets.
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