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UPDATE: Cantor Fitzgerald Downgrades Twitter on Current Valuation

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In a report published Wednesday, Cantor Fitzgerald analyst Youssef Squali downgraded the rating on Twitter (NYSE: TWTR) from Buy to Hold, but reiterated the $32.00 price target.

In the report, Cantor Fitzgerald noted, “We're downgrading TWTR to HOLD (from BUY) while maintaining a $32 PT, given the shares' 60% rise since IPO. While we remain fans of the service and believe the growth potential is real and significant, we find the current valuation excessive, discounting much of the short-term upside. We move to the sidelines until management begins showing proof of further upside to consensus estimates; we favor FB instead.”

Twitter closed on Tuesday at $41.75.

Latest Ratings for TWTR

DateFirmActionFromTo
Jan 2020MaintainsBuy
Jan 2020MaintainsEqual-Weight
Jan 2020DowngradesBuyNeutral

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Posted-In: Cantor Fitzgerald Youssef SqualiAnalyst Color Downgrades Analyst Ratings

 

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ASPNCanaccord GenuityReiterates12.0
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