TWTR Stock Rating: “Equal-Weight” from Morgan Stanley
TWTR Stock Price Target: $40
% Downside for TWTR: -2%
Morgan Stanley also thinks TWTR stock is going nowhere fast, echoing JPMorgan’s middle-of-the-road rating and more or less flat price target.
The reasoning was the same as well: Twitter stock’s valuation.
As Business Insider noted, analysts at Morgan Stanley said about TWTR stock: “We are optimistic on Twitter’s ability to expand the socially enabled ad market and take share of TV ad budgets with its “second-screen” ad products. However, a current ~$30b enterprise value appears to reflect a high likelihood of success with these still-nascent initiatives.”