Market Cap: $2,557,594,794,866
24h Vol: $95,209,059,350
Cryptocurrencies: 28960
Markets: 114116
Cryptocurrencies: 28960
Markets: 114116
Market Cap: $2,557,594,794,866     
24h Vol: $95,209,059,350
Seeking Alpha 2021-02-10 17:10:35

Twitter rises 6.7% as analysts see few worries in fourth-quarter earnings beat

Twitter rises 6.7% as analysts see few worries in fourth-quarter earnings beat
Twitter (TWTR) is leading performance for Communications Services stocks today, up 6.7% in the wake of last night's fourth-quarter earnings beat that featured record revenues. Even the weak spot - lighter monetizable daily active users than expected - saw some light in company discussion as management expected solid user growth throughout the year. That's led to raised price targets from analysts. KeyBanc's Justin Patterson has raised his target to $80 from $65, implying 24% upside. He's expecting ongoing revenue growth through positive catalysts in the near and medium term, and is focused on foundational investments that will improve engagement and advertiser return on investment. J.P. Morgan and analyst Doug Anmuth have raised the price target to $77, saying the "bird is back." It's one of the firm's top five stock picks for 2021 and "we believe our bull case is playing out mostly as expected — sharp ad recovery, continued
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