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UPDATE: Wunderlich Upgrades Twitter

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In a report issued Friday, Wunderlich Securities upgraded its rating of Twitter (NYSE: TWTR) from Sell to Hold with a new target price of $35.

Analyst Blake T. Harper sees Twitter as a, "victim of blind investors and hype machine" which was "hijacked" by investors pushing the stock up to ridiculous amounts after the IPO where there was no evidence the stock deserved those levels.

Harper sees upside to be limited in the near-term, especially with monthly average users not growing as much as originally anticipated. However, there is some upside with reported revenues and EPS.

Shares are currently trading down less than one percent at $32.46 in Friday's trading session.

Latest Ratings for TWTR

DateFirmActionFromTo
Jan 2021Piper SandlerInitiates Coverage OnNeutral
Jan 2021MKM PartnersUpgradesNeutralBuy
Jan 2021RosenblattMaintainsNeutral

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View the Latest Analyst Ratings

 

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Posted-In: Blake T. Harper WunderlichAnalyst Color News Upgrades Price Target Analyst Ratings

Latest Ratings

StockFirmActionPT
EYPTCantor FitzgeraldInitiates Coverage On22.0
TXNDeutsche BankMaintains170.0
BYDDeutsche BankMaintains56.0
MELIDeutsche BankMaintains2,200.0
ALVMizuhoMaintains104.0
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