Twitter Stock ( TWTR): $60 Price Target From Truist

By Amit Chowdhry ● Jan 16, 2022
  • The shares of Twitter Inc (NYSE: TWTR) have received a $60 price target from Truist. These are the details.

The shares of Twitter Inc (NYSE: TWTR) have received a $60 price target from Truist. And Truist analyst Youssef Squali is maintaining a “Buy” rating on the shares.

Squali cited an updated following that accounts for the sale of MoPub and the expected increase in operating spending under the company’s new CEO.

But Squali noted that while sell-side estimates are likely to come down in the short term and keep the stock in check, the sharp pullback and the compelling long-term story make the shares attractive for patient investors.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.