UPDATE: Oppenheimer Upgrades Twitter, Inc. (TWTR) to Perform

October 28, 2016 6:41 AM EDT
Get Alerts TWTR Hot Sheet
Price: $16.96 -1.68%

Rating Summary:
    7 Buy, 36 Hold, 11 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 35 | Down: 31 | New: 11
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(Updated - October 28, 2016 9:44 AM EDT)

Oppenheimer upgraded Twitter, Inc. (NYSE: TWTR) from Underperform to Perform. Analyst Jason Helfstein thinks the stock's valuation properly reflects fundamental outlook.

"While there are many unknowns, such as the long-term impact of live streaming (on engagement, revenue and margins—from higher program and technical costs), product changes to reduce trolling, and the never-ending innovation by competitors, we now see risk/reward equally weighted, as the stock has declined 30% from its recent high ($24.87 vs. NASDAQ Internet index -2.9%). The biggest question to come out of the call was the cost impact of live streaming, which could consume significant corporate resources in 2017, if this becomes a permanent feature of TWTR," said Helfstein.

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 $17.40 yesterday.

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