Analysts: Twitter’s Stock Is Overvalued and 3 More Research Notes to Browse

Twitter Inc. (NYSE:TWTR): Wunderlich calls Twitter a “great company” with an “overvalued stock”; the firm sees fair value for shares at $34 versus Friday’s closing price of $43.97. Wunderlich started coverage of Twitter with a Sell rating and $34 price target.

TWTR 20131118

Salesforce.com Inc. (NYSE:CRM): Piper Jaffray said its channel checks into the customer relationship management ecosystem indicate that strong momentum continues for Salesforce.com; the firm adds that its contacts have suggested “staggering” demand for the company’s Force.com. Piper reiterates an Overweight rating on shares of Salesforce.com with a $60 price target.

CRM 20131118

Dick’s Sporting Goods Inc. (NYSE:DKS): UBS said the sporting goods category saw some stabilization in the third quarter, which should allow Dick’s to report earnings per share of 40 cents versus a consensus of 39 cents; the firm believes that Dick’s is well-positioned for the fourth-quarter and that risk/reward is favorable. The analyst rates the shares a Buy with a $59 price target.

DKS 20131118

GameStop Corp. (NYSE:GME): Piper Jaffray says GameStop is positioned to top its fourth-quarter estimates following the launch of the PlayStation 4; Piper Jaffray says Sony Corp. (NYSE:SNE) sold 1 million PlayStation 4 units in just 24 hours, faster than consensus expectations. The firm estimates that GameStop has roughly a 25 percent North American hardware share and therefore generated around $100 million in new hardware sales during the first 24 hours of the PS4 launch; Piper thinks GameStop is positioned to exceed fourth-quarter expectations and reiterates an Overweight rating on the stock.

GME 20131118

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