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Twitter (TWTR) PT Cut to $20 by SunTrust's Peck; 'Buy' Maintained

February 11, 2016 6:49 AM EST
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Price: $53.70 --0%

Rating Summary:
    10 Buy, 47 Hold, 5 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 11 | New: 11
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SunTrust Robinson Humphrey analyst Robert Peck cut his price target on Twitter, Inc. (NYSE: TWTR) to $20.00 (from $26.00) but maintained a Buy rating following fourth quarter results.

Peck commented, "With highly suppressed expectations, Twitter reported an inline-ish quarter and mixed 1Q guidance. However, most important was outlining the company’s strategy and vision from here, which should give investors hope. The performance of the stock and the company should now be determined by the execution against those goals. We remain cautiously optimistic given the number of catalysts (Periscope, logged-out users, enhanced targeting, Google (GOOGL, $706.85, Buy) integrations, etc.). We lower our PT to $20 from $26 to adjust for slightly lower estimates and market multiple re-rate."

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 $14.98 yesterday.



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Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

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SunTrust Robinson Humphrey, Twitter, Robert Peck