(CercleFinance.com) – The title fell by nearly 4% on the New York Stock Exchange. While maintaining his ‘neutral’ view on Twitter, Wedbush lowered his price target from $54 to $43, to reflect what he sees as greater uncertainty looming over Elon’s proposed takeover of the microblogging site. Musk.
The broker evaluates the current chances of an effective operation at around 60%, ‘with a renegotiated offer at a lower price, probably in the range of 42 to 45 dollars, because of the problem of fake accounts’.
‘There’s still about a 35% chance that Elon Musk will decide to throw in the towel, try to pay the billion dollar severance fee and probably end up in a nasty legal battle with Twitter’s counsel for next few months,” he continued.
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