Salesforce still mulls bid for Twitter as shareholders resist: sources
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Deutsche Bank Sees Twitter (TWTR) with Strong Q4 Guidance; Sees M&A Multiple Comparable to LinkedIn (LNKD)
October 11, 2016 9:14 AM EDTDeutsche Bank is out with a bit of positive commentary on Buy-rated Twitter (NYSE: TWTR) today. The firm reiterates its $22 price target on the stock.
Analyst Ross Sandler and his team offered the following observations with today's report:
Amidst intense volatility around whether TWTR is acquired or not, we shift back to what we can track, ie - the fundamentals. Our checks point to a high-end of the range revenue print from TWTR with slightly up MAUs for 3Q, and we think 4Q guidance could meet/exceed consensus for the... More
Twitter (TWTR) Gains Into Close on Reports Salesforce (CRM) Considering 'Low Ball' Offer
October 10, 2016 3:53 PM EDTTwitter (NYSE: TWTR) moves of lows and Salesforce (NYSE: CRM) pares gains on reports from Reuters Salesforce is considering a 'lowball offer' for Twitter in the coming day.
TWTR is down 10.6%, while CRM is up 5.6%.
... More