Accueil > Actualité
Actualite financiere : Actualite bourse

Twitter: Wedbush raises target price

(CercleFinance.com) - While maintaining its "neutral" rating on the Twitter stock, Wedbush has raised its target price for it to 50 dollars, after Elon Musk announced that he would sell 7 billion dollars worth of Tesla shares.


The broker reports that the billionaire justified the sale as a precautionary measure, aimed at avoiding a rush to sell Tesla shares in order to fund a Twitter takeover, should he be forced to complete the deal.

Wedbush now considers a takeover of the microblogging platform by Elon Musk to be more likely, and has raised its target for the stock from 30 dollars (basically its intrinsic value) to 50 dollars.


Copyright (c) 2022 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
 

societes

marches

tendances

 
Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.
Indices et cours différés d’au moins 15 mn | Cotations boursières fournies par ABC Bourse.