Morgan Stanley analysts recently upgraded Twitter’s (NYSE: TWTR) target price from an earlier $54.00 to $75.00, as per their report on the company issued this Monday, March 8.
The lifestyle retail-chain company was also marked with a revised “equal-weight” rating by the brokerage. The new PT (price target) issued by Morgan Stanley suggests a 12.02% upside since the company’s previous close.
TWTR stocks traded at $66.95 this Monday. The company’s current market capitalization stands at $53.44 billion. It has a negative PE ratio of 48.51 along with a beta of 0.86 at the moment. The price-to-earnings-growth ratio (PEG) stands at 2.69. The current ratio is 4.44, the quick ratio at 4.44 and the debt-to-equity ratio at 0.33. The 12-monthly high to low ranges from $80.75 to $20.00. The 50SMA (Simple Moving Average) stands at $60.71 and its 200SMA stands at $49.68
Twitter (NYSE: TWTR) Technical Stock Analysis
The quarterly earnings report for the previous fiscal quarter was released by the company on the 9th of February. The earnings stood at $0.38 EPS for that quarter as opposed to the general consensus of $0.31. The company’s estimated revenue was marked at $1.19 billion. However, it earned approximately $1.29 billion.
The company’s return on equity stands at -12.42% along with a net margin of -31.70%. According to analyst’s reports, the company is likely to announce its FY2020 EPS to be -1.16. During the corresponding quarter of the previous year, the company reported earnings of $0.25 per share. This means that TWTR stocks rose by 28.1%.
NYSE: TWTR has recently been the subject of a lot of reports by equities analysts. Some such as Wedbush, Goldman Sachs, Bank of America, Deutsche Bank, and so on have posted reports on this firm over the last few months.
The recent consensus rating of Twitter stands at “Hold” and the consensus on the target price is $61.73. Several hedge funds have also altered their shareholdings in this company recently.
