SunTrust Robinson Keeps a Hold Rating on Twitter

By Carrie Williams

SunTrust Robinson analyst Youssef Squali reiterated a Hold rating on Twitter (NYSE: TWTR) on October 9 and set a price target of $16. The company’s shares opened today at $17.77.

According to TipRanks.com, Squali is a top 100 analyst with an average return of 19.2% and a 73.3% success rate. Squali covers the Technology sector, focusing on stocks such as Endurance International, Rubicon Project, and Paypal Holdings.

Currently, the analyst consensus on Twitter is Moderate Sell and the average price target is $15.35, representing a -13.6% downside.

In a report issued on September 28, Jefferies also reiterated a Hold rating on the stock with a $16 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 $616 million and had a GAAP net loss of $103 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.