then another by Morgan Stanley earlier this week. The latest blow comes from Cantor Fitzgerald, which stated that the company’s big post-IPO rally had outstripped its fundamentals.
Motley Fool Senior Analyst Bryan White believes that the downgrades are coming due to a combination of fundamentals and high valuation. He doesn’t think analysts want to repeat what happened with Facebook’s (NASDAQ:FB) IPO, plus he acknowledges that social media advertising is still in its infancy and that Twitter has a lot to prove.
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