Social Media Roundup: Facebook (NASDAQ:FB), Twitter Inc (NYSE:TWTR)


After speaking with Chinese Internet industry contacts and reviewing an article about job postings for language specialists in simplified Chinese, Topeka believes it is a matter of when, not if, Facebook enters China. The firm views entering China as a long-term catalyst for Facebook and keeps a Buy rating on the stock with a $75 price target.

Analysts have a consensus price target of $71.68 on Facebook Inc. (NASDAQ:FB) which indicates a 26% upside. The consensus rating of the stock is a BUY with a score of 2.76. There are currently 9 Hold Ratings and 29 Buy ratings on the stock.

The most recent analyst action consisted of Telsey Advisory Group boosting their price target to $82 on March 26th, 2014.

Twitter Inc (NYSE:TWTR) disclosed in a regulatory filing that its co-founders, Jack Dorsey and Evan Williams, and its CEO, Richard Costolo, have informed the company that they have no current plans to sell any of their shares of Twitter common stock. If Dorsey, Williams or Costolo decide to sell, they are required by the company’s policies to do so pursuant to a trading plan intended to comply with the requirements of a SEC Rule 10b5-1 Plan, the company noted, adding that it requires any 10b5-1 Plan to be entered into during an open trading window and to have a “cooling-off” period. Twitter said the earliest Dorsey, Williams and Costolo could sell would be 90 days after its next open window. Additionally, Benchmark venture capital funds, which are affiliated with a member of the company’s board of directors, have informed Twitter that they have no present intention to sell or distribute stock to their limited partners before or immediately after the expiration of Twitter’s lockup on May 5. Twitter said that its executive officers, other than CEO Costolo, have either entered into 10b5-1 Plans or indicated they do not intend to sell any of their shares of Twitter common stock until they put a 10b5-1 Plan in place and that sale transactions by its executive officers will be disclosed publicly through filings with the SEC, as required.

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.

A 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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