Twitter Gets a Hold Rating from BMO Capital

By Austin Angelo

In a report issued on September 11, Daniel Salmon from BMO Capital reiterated a Hold rating on Twitter (NYSE: TWTR), with a price target of $17. The company’s shares opened today at $18.15.

According to TipRanks.com, Salmon is a 5-star analyst with an average return of 12.6% and a 67.1% success rate. Salmon covers the Services sector, focusing on stocks such as Interpublic Group of Companies, Publicis Groupe SA, and Factset Research.

Currently, the analyst consensus on Twitter is Moderate Sell and the average price target is $15.54, representing a -14.4% downside.

In a report issued on September 1, Robert W. Baird also reiterated a Hold rating on the stock with a $17 price target.

Based on Twitter’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $574 million and GAAP net loss of $116 million. In comparison, last year the company earned revenue of $602 million and had a GAAP net loss of $107 million.

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Twitter, Inc. is a global platform for public self-expression and conversation in real time. It provides a network that connects users to people, information, ideas, opinions, and news. The company’s services include live commentary, live connections and live conversations.