Mizuho Can't Get Too Positive or Too Negative on Twitter (TWTR) Post Q2... Remains Lukewarm

Mizuho Securities analyst Neil Doshi reiterated a Neutral rating and lowered his price target on Twitter, Inc. (NYSE: TWTR) to $15.00 (from $16.00) following mixed and lower Q2.

Doshi commented, "We do not recommend buying shares of TWTR after the company reported a mixed and materially lower 2Q. Guidance implies just 5% revenue growth, which is making Twitter look a lot more like Yahoo! than a powerful social site with strong advertising moats. Twitter continues to face challenges monetizing a maturing base of 313m global users (up 3% YoY), and we believe that competition from competing sites is intensifying. Why not a Sell? With live-streaming NFL, Olympics, Political, and continued product innovation, we could see some engagement upside over 2H16."

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

Shares of Twitter, Inc. closed at $18.45 yesterday.

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