- 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.