Sunday, September 24, 2023
HomehalftimeTwitter stock will disappoint, pro says

Twitter stock will disappoint, pro says

Shares of Twitter are far too overvalued to own, especially given implied growth expectations for the social media company, Cantor Fitzgerald Managing Director Youssef Squali said Wednesday.

"What we're coming up with is the fact that it is almost impossible, really, for management to be able to hit those numbers within the time frame" that investors are going to expect, he said.

Squali downgraded Twitter stock to sell, with a price target of $32 a share.

(Read more: Apple dominates retail trading in 2013: TD survey)


Most Popular