Twitter to Crash 30% as Cost Growth Accelerates: MoffettNathanson

Shares of social media company Twitter Inc. (TWTR) are down 4.5% on Monday morning following a downbeat report from one team of analysts on the Street who expect the stock to suffer as investors take into account growing costs necessary to ward off new competition and appease regulators. In a note to clients on Monday, MoffettNathanson analyst Michael Nathanson reduced his price target on the Twitter stock to $21 from $23, as reported by CNBC. His new 12-month forecast implies a more than 30% downside from Friday's close. Trading at $28.77, TWTR reflects a near 20% return year-to-date (YTD), outperforming the S&P 500's 8.3% increase and the Nasdaq Composite Index's 15% gain over the same period.