On Thursday, the Vetr crowd downgraded their rating for Twitter Inc TWTR from 4.5 stars (Strong Buy), issued two weeks ago, to 3.5 stars (Buy). Crowd sentiment for twitter is mostly positive, with 78 percent of Vetr user ratings bullish.
The first week of 2017 has seen share price in Twitter recover some ground after a steady 16.5 percent drop at the tail end of December.
On January 5, the stock saw a small jump on a debunked rumor that CEO Jack Dorsey would be leaving the company. The stock ended that day around the $17.10 mark.
While Twitter remains the preferred venue for President-elect Donald Trump's political platform, the tech company didn't profit much from the post-election market rally and wasn't in attendance at the President-elect's December tech conference. Analysts with Aegis Capital have also taken a dim view of the stock this week, initiating coverage on Twitter with a Sell rating.
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Currently, the Vetr crowd's average target price for Twitter is up at $18.24, which is about on par with the average analyst target price of $18.30. More than 5 percent of Vetr users are holding TWTR in their watch lists.
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