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Wedbush analyst Dan Ives Sees <50 Chance of Twitter (TWTR) Deal Getting Done

May 16, 2022 6:55 AM EDT
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Price: $900.09 --0%

Rating Summary:
    29 Buy, 18 Hold, 11 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 7 | Down: 28 | New: 12
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Wedbush analyst Daniel Ives reiterated an Outperform rating and $1,400.00 price target on Tesla (NASDAQ: TSLA) noting Elon Musk's $54.20 deal price for Twitter is "out the window in the Street's perspective" after the delay over whether bots/spam make up less than 5% of users.

The analyst stated "we view the $44 billion Twitter deal as having less than a 50% to get done as of today. The elephant in the room for the Twitter (NYSE: TWTR) board is Musk can walk away for a $1 billion as a small breakup fee (for Musk-all relative) and likely cite the bot/fake account issue as the reason, even though this likely would be contested by Twitter in the courts. If a revised deal does get done by Musk and Twitter, it will likely will be at a lower price once negotiations take over and the diligence happens around Twitter DAU and algorithms hot button issues."

For an analyst ratings summary and ratings history on Tesla click here. For more ratings news on Tesla click here.

Shares of Tesla closed at $769.59 yesterday.



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