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Twitter Inc (NYSE: TWTR) has been trading close to the low end of its 52-week range lately.
Nonetheless, Oppenheimer analyst Jason Helfstein doesn’t seem to see upside potential in the stock for the upcoming months. The research firm initiated coverage of the social media company with a Perform rating and a $36 price target.
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Pivotal Research, Evercore ISI and JMP Securities are also bullish on the stock.
Facebook, Inc. (NASDAQ: FB)
Facebook is also worth watching.
Analysts at MKM Partners initiated coverage on the stock in early-November, with a Buy rating and a $105 price target. The company, they say, “is well positioned to attract video ad dollars." Facebook's “superior business model gives it a distinct advantage among social media companies, as video ads will fuel growth for the next 10 years.”
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Citigroup also holds a $91 price target on the stock. Facebook recently traded at $81.50, up 2 percent on Monday.
LinkedIn Corporation (NYSE: LNKD)
What about LinkedIn?
Last week, Wells Fargo initiated coverage on the stock with an Outperform rating and a valuation range of $260 to $270, up from its previous target of $234.
Analysts at the bank cited expectations of “a 31 percent 2014-2016 revenue CAGR, while growing adjusted EBITDA margin to 28.4 percent in FY'16 from an estimated 26.3 percent for FY'14.”
Earlier this quarter, Monness Crespi Hardt also assumed coverage with a Buy rating and a $270 target.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.