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Canaccord Boosts PT on Twitter (TWTR) to $18; Affirms 'Hold' Rating
October 28, 2016 10:19 AM EDTCanaccord Genuity boosts its price target on Twitter (NYSE: TWTR) from $16 to $18 today while reaffirming its Hold rating.
THe firm commented, The implied revenue guidance points to a wide range of y/y growth in Q4. Improving user trends and the 2017 target for... More
Evercore Trims Ests on Twitter (TWTR) Following Q3 Results; Workforce Reduction, Q4 Outlook Provide Uncertainty
October 27, 2016 3:47 PM EDTEvercore ISI affirms Twitter (NYSE: TWTR) at Hold with a price target of $17 following Q3 results and outlook offered earlier in the session.
Analyst Ken Sena commented, Despite better than expected user growth stemming from machine learning related product improvements, which drove higher than expected top and bottom-line performance for the quarter, formal FY16 revenue guidance was suspended due to uncertainty stemming from a sales restructuring to occur over 4Q. Specifically for the quarter, MAUs of 317mm (3% y/y) were 3mm/1mm higher than us/Street which along... More
