Twitter (US: TWTR)
Twitter is another social media company that has borne the brunt of the Cambridge Analytica scandal. Regularly in the news for allegations of fake accounts or ‘bots’, as well as being the social media outlet of choice for US President Trump. The company reported it had over 260 million users at the end of 2017.
The company’s shares fell over 10% on Tuesday as it became the latest company to be targeted during the ongoing scandal, although have yet to fall below $30 or February’s lows of just above $24.
Will Twitter return to 2018 highs of $37 (+18%) or fall to 2018 lows of $22 (-30%)?
- Shares trade at a March low after a 10% decline on Tuesday, although remain above February lows
- RSI has turned oversold, while Stochastics have bearishly crossed and turned back from overbought
- Momentum at lowest level since August 2017
- Brokers are negative on Twitter, with 78% of brokers holding a 12-month target below current level
Broker Consensus: 16% Buy, 57% Hold, 27% Sell
Bullish: Argus Research, Buy, Target $40, +28% (9 Feb 18)
Average Target: $27.7, -12% (23 Mar 18)
Bearish: Atlantic Equities, Underweight, Target $14.5, -54% (8 Feb 18)
Pricing data sourced from Bloomberg on 23 March. Please contact us for a full, up to date rundown.
