Stifel Nicolaus analyst John Egbert maintained a Hold rating on Twitter (TWTR) yesterday and set a price target of $35.00. The company’s shares closed last Monday at $32.46.
According to TipRanks.com, Egbert is a 4-star analyst with an average return of 9.0% and a 41.0% success rate. Egbert covers the Technology sector, focusing on stocks such as Tencent Music Entertainment Group, Spotify Technology SA, and Criteo SA.
The word on The Street in general, suggests a Hold analyst consensus rating for Twitter with a $38.29 average price target, which is a 20.4% upside from current levels. In a report issued on March 2, Evercore ISI also upgraded the stock to Hold with a $33.00 price target.
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Based on Twitter’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $119 million. In comparison, last year the company had a net profit of $255 million.
Based on the recent corporate insider activity of 131 insiders, corporate insider sentiment is neutral on the stock.
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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.
