Twitter (TWTR) Stock Slides, Downgraded at Raymond James

Twitter (TWTR) stock is retreating in pre-market trading on Friday as Raymond James lowered its rating on shares to ‘market perform’ from ‘outperform.’
By Kaya Yurieff ,

NEW YORK (TheStreet) -- Shares of Twitter (TWTR) - Get Report are falling 1.85% to $18.05 in pre-market trading on Friday as Raymond James cut its rating on the stock to "market perform" from "outperform," the Fly reports.

The downgrade comes as the firm sees the company's risk and reward as more balanced with shares near $19.

Recent advertising channel checks suggest that consensus revenue estimates for Twitter's third quarter "could prove aggressive," Raymond James added in an analyst noted cited by the Fly.

Analysts are modeling that Twitter will report revenue of $678.18 million in the third quarter compared to $569.24 million the year prior.

The firm sees upside potential to $24 per share with downside risk to $13.

(Twitter is held in Jim Cramer's charitable trust Action Alerts PLUS. See all of his holdings with afree trial.)

Separately, TheStreet Ratings Team has a "Sell" rating with a score of D on the stock.

This is driven by multiple weaknesses, which should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks covered.

Among the areas we feel are negative, one of the most important has been a generally disappointing historical performance in the stock itself.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: TWTR

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