Canaccord Boosts PT on Twitter (TWTR) to $18; Affirms 'Hold' Rating

October 28, 2016 10:19 AM EDT
Get Alerts TWTR Hot Sheet
Price: $16.51 -1.67%

Rating Summary:
    7 Buy, 36 Hold, 11 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 29 | Down: 30 | New: 23
Trade TWTR Now!
Join SI Premium – FREE

Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.

Canaccord Genuity boosts its price target on Twitter (NYSE: TWTR) from $16 to $18 today while reaffirming its Hold rating.

THe firm commented, The implied revenue guidance points to a wide range of y/y growth in Q4. Improving user trends and the 2017 target for GAAP profitability are clear positives. However, our modeling suggests this profit target will require a re-acceleration of revenue growth (which we are not yet forecasting), and we will watch for signs of more advertisers embracing these developments.

For an analyst ratings summary and ratings history on Twitter, Inc. click here. For more ratings news on Twitter, Inc. click here.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst PT Change

Related Entities

Twitter, Canaccord Genuity

Add Your Comment