Twitter (TWTR) PT Lowered to $18 by SunTrust's Peck; 'Buy' Maintained

SunTrust Robinson Humphrey analyst Bob Peck lowered his price target on Twitter, Inc. (NYSE: TWTR) to $18.00 (from $20.00) but kept a Buy rating.

Peck commented, "Twitter reported a Q1 that was relatively in line (MAUs and EBITDA beat, revenues at low end). However, 2Q guidance implies a significant deceleration in revenue growth, coupled with lower EBITDA margins. While investors have had user growth concerns, it now appears monetization will also be a concern until the company can roll out new products in 2H."

The firm lowered 2016 and 2017 revenue/EBITDA estimates from $2.9B/$763M and $3.6B/$975M to $2.7B/$729M and $3.2B/$903M.

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 $17.75 yesterday.

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