Twitter (TWTR): User Growth Remains In First Gear - Wedbush
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Rating Summary:
10 Buy, 47 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 2 | New: 35
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Wedbush analyst, Michael Pachter, reiterated his Neutral rating on shares of Twitter, Inc. (NYSE: TWTR) heading into earnings as stalled user growth, declining revenue, and variability around results remain limiting factors to share price appreciation.
The analyst stated "until Twitter can return to user and revenue growth, we expect advertisers to devote their ad budgets to platforms with better targeting, reach, and scale". No change to the price target of $16.
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 $17.87 yesterday.
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