Wall Street Analyst: Twitter Stock $48 at High End

Latest report sees an undervalued company heading into its IPO

Twitter could be worth $48 a share, more than double what the company is likely to sell its stock for when it hits Wall Street in November, according to a new report.

Sterne Agee's Arvind Bhatia evaluated Twitter’s stock ahead of its initial public offering, and said that under the most valuable scenario the company should be worth between $33 and $48 a share.

The analyst said that under a conservative evaluation, Twitter stock over the next 12 to 24 months would be worth between $25 and $33 a share.

Sterne Agee noted it wasn’t rating or setting a firm target price until the completion of the IPO.

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