Market Overview

UPDATE: Sterne Agee Upgrades Twitter

Related TWTR
Ford Motor To Trump: 'Our Home Is Here, We Will Be Here Forever'
Presidential Debate No. 1 Leaves Twitter Abuzz
Correcting The Hype: Twitter's NFL Stream Lacks Engagement And A Profitable Business Model (Seeking Alpha)

Shares of Twitter (NYSE: TWTR) are giving back a portion of Tuesday's 12 percent gains, down 1.8 percent to $44.67, in the face of an upgrade from Sterne Agee.

Analyst Arvind Bhatia raised the rating from Underperform to Neutral and maintained the $43 price target.

The prior Underperform rating was based on three key factors:

  • Slowing user growth.
  • Declining user engagement.
  • Premium valuation.

Now, Bhatia sees “potential for user growth and engagement to improve in the near to medium term.” The analyst added “ad engagement and monetization remain healthy.”

Latest Ratings for TWTR

Sep 2016Standpoint ResearchDowngradesBuyReduce
Sep 2016OppenheimerDowngradesPerformUnderperform
Sep 2016RBC CapitalDowngradesSector PerformUnderperform

View More Analyst Ratings for TWTR
View the Latest Analyst Ratings

Posted-In: Arvind Bhatia Sterne AgeeAnalyst Color Upgrades Price Target Analyst Ratings


Related Articles (TWTR)

View Comments and Join the Discussion!