Brean Capital Cuts Price Target to $47 on Twitter (TWTR) Ahead of 2Q Results
Get Alerts TWTR Hot Sheet
Rating Summary:
10 Buy, 47 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Join SI Premium – FREE
Brean Capital reiterated a Buy rating on Twitter, Inc. (NYSE: TWTR), and cut the price target to $47.00 (from $55.00), ahead of 2Q15 results. Analyst Sarah Hindlian is trimming 2Q15 revenue estimates to $472.2mn from 477.2mn. TWTR is scheduled to release 2Q results on July 28th.
Hindlian commented, "We recognize that Twitter is in a transitional period, which can make it a difficult stock for investors to want to own and increases the short-term risk. However, we believe this is a valuable asset that is still nascent, despite the Street having gotten well ahead of Madison Avenue. We expect Twitter to report numbers in line with reiterated guidance and are modeling ~0mn sequential net adds to MAUs ex. SMS Fast in Q2’15. We maintain our Buy rating, although our time horizon has been pushed out, which is reflected in our lowered Target Price of $47 (from $55). However, we remain constructive on event-driven advertising opportunities (e.g. Project Lightning) and believe that the company is still in the early innings of a long game, one that we do not anticipate will be linear in nature but will yield positive results."
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 $36.09 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- QuantumScape (QS) PT Lowered to $6 at Truist Securities
- TD Cowen Resumes EQT Corp. (EQT) at Hold
- Piper Sandler Downgrades Southwestern Energy (SWN) to Neutral
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst PT ChangeRelated Entities
TwitterSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!