Wall Street Thinks Twitter Is The Most Mispriced Stock On The Market
Dec 28, 2013, 04:06 IST
Twitter had a terrible Friday, dropping 13% to about $63.75. Among other things, it got downgraded by Macquarie, which simply said, "too far, too fast."
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Twitter shares also hold the distinction of having overshot its average analyst price target by more than any other stock in the S&P 500, according to data from Bespoke Investment Group and Bloomberg.
Bespoke's numbers were based on prices at around noon. Relative today's closing price, Twitter is 30.55% from its average price target.
