If you haven't heard about Twitter's initial IPO, don't worry as the news is only a few months old. It opened for regular trading at $38.80 per share and since it's IPO has gone through a startling range of ups and downs from it's initial price of $38.80 per share to it's highest at $74.73.
Investors and stock market analysts are both shocked and confused as to why the stock is performing this way. Even after downgrades by Macquarie Capital (see here) and Wells Fargo (see here), the stock (TWTR) continues to bounce back, and higher each time.
The latest news about Twitter's stock status today, after a sharp decline during last Thursday's and Friday's sharing (aside from how well the stock is performing today) is an upgrade by an Evercore analyst who has hiked it's target price to $70.00.
Still, despite the stock's continuous climbs, many analysts believe it's too overpriced but if you ask me, this is going to be one stock you won't want to miss out on even if you're not a seasoned investor. Will it soar to over $1000 per share like the Google stock (GOOG)? I highly doubt it, but I don't believe it's going to stay below $100. Twitter is going places and it definitely isn't going to be going anywhere soon.