Benzinga
1
All posts from Benzinga
Benzinga in Benzinga,

Another Day, Another Rumor: Where Will Twitter Be In 6 Months?

Another Day, Another Rumor: Where Will Twitter Be In 6 Months? - Twitter NYSE:TWTR

Twitter Inc TWTR 7.25% shares are surging on Wednesday on another wave of rumors that the company could soon be acquired by a buyer. The latest rumor suggests former Microsoft Corporation MSFT 0.69% CEO Steve Ballmer could be teaming up with Saudi Prince Al-waleed Bin-Talal to buy Twitter.

The stock was up about 8 percent to $17.73 on Wednesday.

Related Link: Analysts Confident SolarCity Won't Find Higher Bid During Go-Shop Period

Despite the fact that CNBC reported Scott Wapner received a “no comment” from Ballmer regarding a potential deal and SunTrust analyst Bob Peck told CNBC that “a deal seems unlikely,” buyers have certainly stepped in on Wednesday to propel the stock higher.

Benzinga

where they see Twitter stock in six months.

Respondents were optimistic about the stock’s future. Despite the fact that Twitter shares are down 42.6 percent in the past year, 70 percent of those surveyed believe the stock will either be above $20 or already taken over by a buyer six months from now. Only 9 percent of respondents believe the stock is headed to the single digits, and 21 percent predict the stock won’t be going anywhere anytime soon.

Twitter’s share price plummeted after the company once again failed to live up to the market’s revenue expectations.

Do you have ideas for articles/interviews you'd like to see more of on Benzinga? Please email feedback@benzinga.com with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card!

© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.


Source