Read Why Loop Capital Slashed Twitter Price Target by 22%

By Benzinga
Benzinga
Benzinga
December 22, 2021 Updated: December 22, 2021

Loop Capital analyst Alan Gould lowered the price target on Twitter Inc. to $65 from $84, implying 46.5 percent upside, and reiterated a Buy.

Gould states that not many investors see the potential for the company to generate 25 percent topline growth, raising an “unanswered question” on margin outlook and overhang for the stock after Twitter indicated that expenses would grow beyond the 25 percent floor already in place with existing programs.

Gould adds that achieving Twitter management’s 315 million DUA target for 2023 seems “aggressive,” and the sell-side is already 7 percent below this goal.

By Anusuya Lahiri 

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