Vetr Downgrades Twitter As Price Dips Again
On Tuesday, the Vetr crowd downgraded their rating for Twitter Inc (NYSE: TWTR), from 5 stars (Strong Buy), issued four days ago, to 4 stars (Buy). Crowd sentiment for Twitter at the time of the downgrade was mostly positive, with 75 percent of Vetr user ratings bullish.
Things continue to look bad for the oft-maligned social media stock, as shares found a new nine-month low at $14.82 Monday before battling back above $15. This isn't the first time in 2017 the stock has fallen to its record-low of $14.02. Nevertheless, Twitter still has yet to fall below the $14 floor.
Currently, the Vetr crowd's average target price for Twitter is up at $16.54, which is above the average analyst target price of $15.78. More than 5 percent of Vetr users are holding TWTR in their watch lists.
Latest Ratings for TWTR
|Mar 2017||Barclays||Initiates Coverage On||Underweight|
|Feb 2017||Loop Capital||Downgrades||Hold||Sell|
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