- The shares of Twitter Inc (NYSE: TWTR) have received a price target decrease from $80 to $65 by BMO Capital. These are the details.
The shares of Twitter Inc (NYSE: TWTR) have received a price target decrease from $80 to $65 by BMO Capital. And BMO Capital analyst Daniel Salmon is maintaining a “Market Perform” rating on the shares.
Salmon had cited the company’s Q1 results. And the Q2 guidance was mostly in-line against the backdrop of heightened expectations for digital ads. However, Salmon pointed out that Twitter “stumbled out of the blocks.”
He believes that Twitter’s opportunity lies in its own product roadmap. Even though catalysts may need more time, Salmon noted that the risk-reward on the stock has become “more attractive.”
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