Analysts Downgrade Twitter Stock, While CEO Costolo Has No Idea How Many Users Opt Out Of Ads

Shares in Twitter fell 3.5 percent yesterday after Cantor Fitzgerald cut the company’s rating from “hold” to “sell”, based on what Cantor said were excessive valuations.

Cantor stated that they give sell ratings to firms whose business models have structural challenges, noting that they believe that “Twitter’s valuation to be excessive and currently see materially more downside than upside.”

Morgan Stanley also downgraded Twitter to the less bearish “underperform”. Currently, 20 of 26 analysts who cover Twitter have either “hold” or “sell” ratings on the stock.

So