Twitter (TWTR) got a price target cut on Thursday from Brean Capital, which said it expects the microblog to show a major growth slowdown when it reports Q2 earnings after the close Tuesday. Brean lowered its price target on Twitter stock to 47 from 55 but maintained a buy rating. The investment bank expects Twitter to post revenue of $472.2 million, near the low end of Twitter’s guidance of $470 million to $485 million and below Wall Street
In the battle of streaming video startups, Twitter (TWTR)-owned Periscope is the one left standing after overtaking rival Meerkat, a well-funded competitor that also lets users live-stream video directly from their smartphones. The number of mentions about Periscope on blogs and social media sites has broken the 6 million mark since Twitter launched its service on March 26, says a Wednesday report from Adobe Digital Index, a unit of Adobe Systems
Social network Facebook (FB) is outperforming peers LinkedIn (LNKD) and Twitter (TWTR), and shares hit a new high in the stock market today. Facebook climbed 2.4% to 90.10 in above-average volume on Monday to hit a fresh high. The stock is still trading in buy range from a flat base with an 86.17 buy point, which it initially broke out of on June 23. Facebook has an IBD Composite Rating of 97 out of 99, and is set to report earnings on July 29.