Pre-Market Social Media Movers: Google, Inc.(NASDAQ:GOOG), Twitter Inc(NYSE:TWTR)

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According to the WallStreet Journal, Google, Inc.(NASDAQ:GOOG) is looking to court third-party developers to help it bring customization to smartphone hardware through its Project Ara. The company’s Ara smartphone is based on a metal frame Google designed, and hardware “modules” built by developers will slot into the frame.

Analysts have a consensus price target of $675 on Google, Inc.(NASDAQ:GOOGL) which indicates a 24.85% upside. The consensus rating of the stock is a BUY with a score of 2.75. There are currently 1 Hold Rating and 3 Buy ratings on the stock.

The most recent analyst action consisted of upgrading the stock from Underperform to Neutral on March 11th, 2014.

Analysts have a consensus price target of $49 on Twitter Inc(NYSE:TWTR) which indicates a 22% upside. The consensus rating of the stock is a HOLD with a score of 1.91. There are currently 14 Hold Ratings, 8 Buy ratings and 11 Sell ratings on the stock.

Another recent analyst action consisted of SunTrust lowering their price target from $60 to $55 on April 10th, 2014. That same day Cantor Fitzgerald upgraded the stock from a Sell to Hold rating, setting their price target at $45.

 

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