Twitter (TWTR) Continues to Rally
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Twitter (NYSE: TWTR) stock climbed over 8.5% on Monday, surpassing $48.50 per share. If the stock closes near current levels, it will be within striking distance of all times highs of $50.09, a level tapped intra-day on its opening day of trading
Despite what may be a bright future for Twitter, not everyone is a believer in the stock. Among analysts that cover Twitter, only 9 rate the stock a Buy. This compares to 10 Hold ratings and 6 Sell ratings. Twitter's highest price target is $54. Its lowest is a meager $20, representing over 50% downside. Taken together, it's well short a strong endorsement from Wall Street.
Despite concerns about valuation, the stock continues to surge, and with today's gains Twitter is now trading well above its original IPO price of $26.
Despite what may be a bright future for Twitter, not everyone is a believer in the stock. Among analysts that cover Twitter, only 9 rate the stock a Buy. This compares to 10 Hold ratings and 6 Sell ratings. Twitter's highest price target is $54. Its lowest is a meager $20, representing over 50% downside. Taken together, it's well short a strong endorsement from Wall Street.
Despite concerns about valuation, the stock continues to surge, and with today's gains Twitter is now trading well above its original IPO price of $26.
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