Twitter: Susquehanna raises its target price
(CercleFinance.com) - Susquehanna has sharply raised its target price for the Twitter share from 20 dollars to 31 dollars after the group's fourth-quarter results provided "encouraging signs," the broker said in a report on Friday.
In a research note, Susquehanna points out that live video continues to gain steam and that the offer will be largest driver for revenue growth.
"Competition is still a concern but the company does appear to have a differentiated use case around live events," the broker wrote.
Susquehanna said other potential positive catalysts include traction with the new video ad products, the signing of new major live streaming deals, or even a sale (or speculation of a sale).
However, the broker maintains a "neutral" rating on the stock, waiting to see consistent execution on user stabilization/growth, and monetization - particularly around live video.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
In a research note, Susquehanna points out that live video continues to gain steam and that the offer will be largest driver for revenue growth.
"Competition is still a concern but the company does appear to have a differentiated use case around live events," the broker wrote.
Susquehanna said other potential positive catalysts include traction with the new video ad products, the signing of new major live streaming deals, or even a sale (or speculation of a sale).
However, the broker maintains a "neutral" rating on the stock, waiting to see consistent execution on user stabilization/growth, and monetization - particularly around live video.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.