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Friday
Dec272013

Twitter (TWTR) Now 35% Above Average Price Target

Even though Twitter (TWTR) is down $5 today, the stock is still 35% above its average analyst price target based on Bloomberg's calculations.  That's the farthest above an average price target for any stock in the S&P 500 and the Nasdaq 100 by a wide margin.  (TWTR is not yet in the S&P 500 or Nasdaq 100.)  

Below is a list of the S&P 500 stocks that are the farthest above their average analyst price targets.  As shown, Alcoa (AA) is 21.95% above its average target, which is 14 percentage points below the average for Twitter.  

TWTR obviously ran away from analysts with its huge gains over the last couple of weeks.  Now analysts have to decide whether they want to hold tight and keep their targets the same, or up their price targets to get them more in-line with where the stock is currently trading.  If they choose the latter, it could boost Twitter's price even more.

One of our most popular products over at Bespoke Premium is our "Bespoke 50" list of our 50 favorite growth stocks.  To make the list of 50, a stock must have strong earnings growth prospects along with an attractive price chart based on Bespoke's proprietary fundamental and technical analysis.  

As shown in the chart below, the Bespoke 50 is now up 92% since inception versus a gain of 35% for the S&P 500.

So which stocks currently make up the Bespoke 50?  To find out, simply sign up for a 5-day free trial to our Bespoke Premium service.  The Bespoke 50 is updated on a weekly basis every Thursday, and this week's list of 50 stocks was just published this afternoon.  Click here to start your free trial today!