Market Overview

UPDATE: UBS Downgrades Twitter from Neutral to Sell

Share:
Related TWTR
Jack Dorsey Is 'Super Talented,' But Does He Even Want The CEO Job?
The Main Problem With Twitter, And An Analyst's Solution
Twitter (TWTR) Stock Hits Record Low, More Pain Ahead?? - Analyst Blog (Zacks)

UBS downgraded Twitter (NYSE: TWTR) from Neutral to Sell and lowered the price target from $45 to $42 in a research note Thursday.

The firm's Eric J. Sheridan lowered his estimates due to negative trends in user growth/engagement and the lack of upside in estimates over coming quarters.

Sheridan said, "Twitter remains one of the most expensive stocks in our universe - an out performance that we believe is unlikely to be sustained given questions raised by the earnings report."

"A lack of mainstream adoption or a more simplified use case was a worry of ours coming out of the IPO & seems to have come to the fore faster than we had anticipated," according to Sheridan.

TWTR is down over 20 percent at last check; the shares have lost more than 13 points Thursday, and the stock is currently trading around $52.45.

Latest Ratings for TWTR

DateFirmActionFromTo
Jul 2015Morgan StanleyMaintainsEqual-weight
Jul 2015BarclaysMaintainsEqual-weight
Jul 2015JefferiesMaintainsBuy

View More Analyst Ratings for TWTR
View the Latest Analyst Ratings

Posted-In: Analyst Color News Downgrades Price Target Analyst Ratings

 

Related Articles (TWTR)

Get Benzinga's Newsletters