In a report released yesterday, Daniel Salmon from BMO Capital reiterated a Hold rating on Twitter (NYSE: TWTR), with a price target of $31. The company’s shares closed yesterday at $44.49, close to its 52-week high of $47.79.
According to TipRanks.com, Salmon is a 5-star analyst with an average return of 18.9% and a 74.1% success rate. Salmon covers the Services sector, focusing on stocks such as Nielsen Holdings, 21st Century Fox, and Pandora Media.
The word on The Street in general, suggests a Hold analyst consensus rating for Twitter with a $35.77 average price target, implying a -19.6% downside from current levels. In a report issued on July 3, Wells Fargo also reiterated a Hold rating on the stock with a $42 price target.
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Twitter’s market cap is currently $33.46B and has a P/E ratio of 4449. The company has a Price to Book ratio of 6.42.
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Twitter, Inc. is a global platform for public self-expression and conversation in real time. It provides a network that connects users to people, information, ideas, opinions, and news. The company’s services include live commentary, live connections and live conversations.
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