Market Cap: $3,350,465,516,360
24h Vol: $162,289,815,217
Cryptocurrencies: 27846
Markets: 116350
Cryptocurrencies: 27846
Markets: 116350
Market Cap: $3,350,465,516,360     
24h Vol: $162,289,815,217
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
esptco-banner img
Latest News

Videos

  • Bitcoin Halving Explained: Why It Is So Important?

  • 10 Ways to Make Money Via Crypto | Step by Step Guide to Make Money Online!

  • How to Buy LTC with Binance ?

  • CEX vs DEX: Which Type of Crypto Exchange Is Better?

Our Partners

Hashing Ad Space
Inbound Junction
Magic Logix
Asimi
Crypto Marketing Agency, FINPR
Chainwire