Twitter (TWTR) PT Lowered to $30 at Cowen on Persistent User Issues
Get Alerts TWTR Hot Sheet
Rating Summary:
10 Buy, 47 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 13 | New: 18
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Cowen analyst John Blackledge lowered his price target on Twitter, Inc. (NYSE: TWTR) to $30.00 (from $34.00) following Q2 results and persistent user issues while maintaining a Market Perform rating.
Blackledge commented, "TWTR reported good 2Q15 financial results, but user issues persist. Mgmt. noted limited user growth could persist for an extended period of time given mass adoption issues, potentially impacting forward revenue growth as it could limit ad inventory growth. We lowered long-term estimates, which were ~10% below street."
For 3Q15, they now est US MAU growth of 0MM (vs. +0MM prior) and Int'l MAU adds of 4MM (vs. 10MM prior) x-SMS MAUs.
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 $36.54 yesterday.
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