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Twitter shares up 50% since late April means most upside priced in, analyst says in downgrade

July 18, 2018

Via: CNBC
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Macquarie Research lowered its rating on shares of Twitter to “neutral” from “buy” on Wednesday, saying the best is behind the stock after moving nearly 50 percent move higher since the firm upgraded the stock in April.

“After [the] recent rise in the stock, valuation will likely limit upside from current levels,” the firm said in a note to investors.

Twitter stock fell nearly 1 percent in premarket trading Wednesday. The company’s shares are up 86 percent this year at Tuesday’s close of $44.71 per share.

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