It’ll be interesting to see if these estimates change in light of the recent news. Interestingly, the average TWTR stock price target is $40.49, implying -15.5% downside potential. We currently intend to retain all available funds and any future earnings to support our operations and finance the growth and development of our business. Is Twitter Stock a Buy?Īs one would expect from an acquisition target, Twitter has a Hold consensus rating based on two Buys and 16 Holds assigned in the past three months. Tesla ( NASDAQ:TSLA) investors don’t appear to be happy about this announcement, as the stock is only up about 1% today after rallying more than 5% prior to the announcement. Indeed, some legal experts have claimed in recent months that the deal would likely go through if it ended up in court. It would seem that Musk has come to the realization that a legal battle may not be worth the trouble. This has caused shares of Twitter ( NYSE:TWTR) to surge by almost 13%, resulting in the stock being halted. In a surprise move, Elon Musk has proposed moving forward with the acquisition of Twitter at the initial offering price of $54.20 per share.

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