SunTrust Robinson analyst Youssef Squali reiterated a Hold rating on Twitter (NYSE: TWTR) today and set a price target of $30. The company’s shares opened today at $37.25.
According to TipRanks.com, Squali is a top 100 analyst with an average return of 21.6% and a 72.8% success rate. Squali covers the Services sector, focusing on stocks such as Blue Apron Holdings Inc, Trade Desk Inc, and Cimpress.
Currently, the analyst consensus on Twitter is a Hold with an average price target of $37.37, implying a 0.3% upside from current levels. In a report issued on July 18, Macquarie also downgraded the stock to Hold with a $42 price target.
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Based on Twitter’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $61 million. In comparison, last year the company had a GAAP net loss of $116 million.
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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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