Twitter: shares fall as UBS downgrades over investment
(CercleFinance.com) - Twitter shares dipped over 1% in early trading on Friday after UBS downgraded the social media platform from "buy" to "neutral," saying that the company's investments could cap valuation in 2020.
In a note to clients, UBS analysts said risk/reward is now "balanced" between growth potential in the second half of 2020 and long-term investments.
The broker has cut its target price to 35 dollars.
After these comments, Twitter shares were down 1.1% at 33.8 dollars on the Nasdaq on Friday morning.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
In a note to clients, UBS analysts said risk/reward is now "balanced" between growth potential in the second half of 2020 and long-term investments.
The broker has cut its target price to 35 dollars.
After these comments, Twitter shares were down 1.1% at 33.8 dollars on the Nasdaq on Friday morning.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.