Read Why Citi Slashed Twitter's Price Target By 22%

by Anusuya Lahiri, Benzinga Editor
December 1, 2021 9:12 AM | 1 min read | Make a Comment
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  • Citi analyst Jason Bazinet lowered the firm's price target on Twitter Inc TWTR to $47 from $60, implying a 7% upside, and maintained a Neutral. 
  • The analyst reduced Twitter's target multiple to align with the company's peer group more closely. 
  • He believes the stock's current valuation reflects much of the revenue and margin opportunity over the next few years.
  • The social media company underwent a management succession leaving the analysts divided over its impact on the company.
  • Price Action: TWTR shares traded higher by 2.55% at $45.06 in the premarket session on the last check Wednesday.
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