Morgan Stanley Remains a Hold on Twitter (TWTR)
In a report released today, Brian Nowak from Morgan Stanley maintained a Hold rating on Twitter (TWTR), with a price target of $34.00. The company’s shares closed last Monday at $39.78.
According to TipRanks.com, Nowak is a 5-star analyst with an average return of 8.0% and a 63.5% success rate. Nowak covers the Technology sector, focusing on stocks such as Jumia Technologies AG, Uber Technologies Inc, and Activision Blizzard.
The word on The Street in general, suggests a Hold analyst consensus rating for Twitter with a $42.10 average price target.
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Based on Twitter’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $1.12 billion. In comparison, last year the company had a net profit of $789 million.
Based on the recent corporate insider activity of 150 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TWTR in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.