trending Market Intelligence /marketintelligence/en/news-insights/trending/412tYRZNmLDTYomT9qOJKQ2 content esgSubNav
In This List

RBC Capital downgrades Twitter to underperform following ad survey

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends

Blog

Inflation cools Q1'22 smart TV demand but revenue grows 10% YoY on higher ASPs

Blog

Broadcast Deal Market Recap, Q1, 2022


RBC Capital downgrades Twitter to underperform following ad survey

RBCCapital downgraded TwitterInc. to underperform from sector perform after the research firmconducted a survey of advertisers, TheFly.com reported Sept. 23.

RBC analystMark Mahaney noted that the company's value to advertisers could be declining.Mahaney added that out of all the ad professionals surveyed, 30% do not do anybusiness with the social media platform, with 28% planning to lessen theirspending on Twitter.

Theanalyst also lowered the price target range for the company's stock to $14 from$17.