Stocks

The Twitter Downgrade


Wall Street is unfollowing Twitter (TWTR). With the stock up 124 percent since a Nov. 7 initial public offering, only one in five analysts rate it a buy. It’s expensive, says Cantor Fitzgerald’s Youssef Squali, “even compared to other highflying Internet IPOs.”

Summers_190
Nick Summers covers Wall Street and finance for Bloomberg Businessweek. Twitter: @nicksummers.

The Good Business Issue
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus