Wednesday, December 18, 2013

Twitter headed to $100 a share by 2015?

Not even two months old yet and shares of Twitter are on a roll. More than doubling from the $26 IPO pricing in early November, and soaring 50% just since Thanksgiving.

At present, the newly public micro blogging site is now worth $30 billion, which not only puts it on par with more established firms such as General Mills or Travelers, but is also scaring analysts, two of which downgraded the stock on Monday.

While some are taking money off the table Joe Fahmy, managing director at Zor Capital, is preparing for the next big move, and sees the stock at $100, maybe by this time next year.  (more)

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