MoffettNathanson cuts Twitter (NYSE:TWTR) price target to Wall Street-low

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Updated: 13 June 2019
  • Analyst Michael Nathanson continues bearish run with more concerns about growth
  • Shaves $3 off new $25 price target
  • Shares up 0.4% to $37.34

Twitter (NYSE:TWTR) shares were up in Thursday’s premarket despite a bearish call from MoffettNathanson analyst Michael Nathanson, who believes now is an “especially opportune time to sell” the social media company’s stock.

Nathanson is a long time bear, and his views are in stark contrast to the average bullish rating among authors on Seeking Alpha. Nathanson believes a slow down in revenue growth, and rising costs will lead to soft guidance in Twitter’s Q2 corporate report next month.