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Fly News Breaks for April 18, 2019
TWTR
Apr 18, 2019 | 07:36 EDT
Wedbush analyst Michael Pachter expects Twitter to report Q1 results at the high end of the guidance range, with no meaningful change to outlook. Twitter appears to be making progress toward sustainable revenue growth and margin expansion, he acknowledges. But given uncertainty over user growth, relatively "unimpressive" mDAU levels, and relatively rich valuation, Pachter reiterates a Neutral rating and a $37 price target on the shares.
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