Wells Fargo & Co. started coverage on shares of Twitter (NYSE:TWTR) in a research report sent to investors on Monday morning, TheFlyOnTheWall.com reports. The firm issued a market perform rating and a $39.00 price target on the stock. The analysts noted that the move was a valuation call.
A number of other firms have also recently commented on TWTR. Analysts at Cantor Fitzgerald downgraded shares of Twitter from a buy rating to a hold rating in a research note to investors on Wednesday, November 20th. They now have a $32.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at BTIG Research initiated coverage on shares of Twitter in a research note to investors on Tuesday, November 19th. They set a neutral rating on the stock. Finally, analysts at Wunderlich initiated coverage on shares of Twitter in a research note to investors on Monday, November 18th. They set a sell rating and a $34.00 price target on the stock. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $39.46.
Twitter (NYSE:TWTR) traded up 2.97% on Monday, hitting $40.22. 7,704,922 shares of the company’s stock traded hands. Twitter has a 52 week low of $39.40 and a 52 week high of $50.09. The stock has a 50-day moving average of $42.46 and a 200-day moving average of $42.46. The company’s market cap is $21.908 billion.
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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