Twitter (NYSE:TWTR) Target Raised by Cowen Inc to $67.00

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Twitter stock has undergone multiple analysts rating changes in the recent past.  Twitter stock Target Raised by Cowen Inc on 10/27/2021. In a note to investors, the firm issued a new target price of $67.00. The analysts previously had $64.00 target price. Cowen Inc’s price target would indicate a potential upside of 9.07% from the stock’s previous close.

Shares of Twitter traded down -$5.62 on Tuesday, reaching $55.81. 26994620 shares of the stock traded hands, compared to its average volume of 11801273. On Tuesday, Shares of Twitter closed at $55.81. The firm’s 50 day moving average is $62.84 and its 200 day moving average is $63.09.Twitter  has a 12 month low of $38.93 and a 12 month high of $80.75. While on yearly highs and lows, Twitter today has traded high as $60.16 and has touched $55.47 on the downward trend.

Twitter Earnings and What to expect: 

Twitter last issued its earnings results on October 26th, 2021. The social networking company reported ($0.54) EPS for the quarter, missing the consensus estimate of $0.02 by $0.56. The business earned $1.28 billion during the quarter, compared to analyst estimates of $1.28 billion. Its quarterly revenue was up 37.1% compared to the same quarter last year. Twitter has generated ($1.32) earnings per share over the last year ($0.47 diluted earnings per share) and currently has a price-to-earnings ratio of 120.1. Earnings for Twitter are expected to grow by 65.71% in the coming year, from $0.35 to $0.58 per share. Twitter has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, February 8th, 2022 based off prior year’s report dates.

Earnings for Twitter are expected to grow by 65.71% in the coming year, from $0.35 to $0.58 per share. The P/E ratio of Twitter is 130.70, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.30. The P/E ratio of Twitter is 130.70, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 40.81. Twitter has a P/B Ratio of 6.13. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Twitter (NYSE:TWTR) Moving Average Technical Analysis

5 day Moving Average is $$61.51 And 5 day price change is -$9.43 (-14.33%)  with average volume for 5 day average is 16,534,814. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $62.28 and 20 day price change is -$3.70 (-6.16%) and average 20 day moving volume is 12,230,889. 50 day moving average is $62.84  and 50 day price change is -$6.51 ( -10.35%)  and with average volume for 50 days is : 10,665,321. 200 day moving average is $63.09  and 200 day price change is $9.33 (19.83%)  and with average volume for 200 days is : 16,309,662.

Other owners latest trading in Twitter :

  • On 10/27/2021 shares held by Bank Hapoalim BM were 66,756 which equates to market value of $4.03M and appx 0.40% owners of Twitter
  • On 10/26/2021 shares held by Edge Capital Group LLC were 3,685 which equates to market value of $0.22M and appx 0.00% owners of Twitter
  • On 10/26/2021 shares held by Sequoia Financial Advisors LLC were 3,438 which equates to market value of $0.21M and appx 0.00% owners of Twitter
  • In total Institutional ownership equates to Institutional Ownership Percentage: 79.32% for Twitter

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