Wedbush analyst Michael Pachter reiterated a Hold rating on Twitter (TWTR) today and set a price target of $39. The company’s shares closed on Friday at $36.77.
According to TipRanks.com, Pachter is a 2-star analyst with an average return of 0.5% and a 50.9% success rate. Pachter covers the Services sector, focusing on stocks such as Cinemark Holdings Inc, National Cinemedia, and AMC Entertainment.
The word on The Street in general, suggests a Hold analyst consensus rating for Twitter with a $39.92 average price target, representing an 8.6% upside. In a report issued on July 17, Cowen & Co. also reiterated a Hold rating on the stock.
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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 $191 million. In comparison, last year the company had a net profit of $100 million.
Based on the recent corporate insider activity of 144 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. Most recently, in May 2019, David Rosenblatt, a Director at TWTR bought 27,000 shares for a total of $49,410.
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.
