The Vetr crowd downgraded its rating for Twitter Inc TWTR on Wednesday from 5 stars (Strong Buy), issued 64 days ago, to 3 stars (Hold). Crowd sentiment at the time of the downgrade was edging positive, with 54 percent of Vetr user ratings bullish.
Twitter's stock has spent the backend of May correcting slightly after a sizable price bump following a decent earnings report that exceeded expectations for revenue and EPS, but still showed both figures down year-over-year.
After the report, the stock received another small spike on news that founder Biz Stone was returning to the company. The stock reached a eight-month high of $19.49 on the mid-May announcement, but has trended down since. The stock closed Wednesday at $17.98.
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Currently, the Vetr crowd's average target price for Twitter is up at $18.68, which is above the average analyst target price of $15.59. Twitter Inc is a popular stock on Vetr as more than 5 percent of users are holding TWTR in their watch lists.
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