Information Provided By:
Fly News Breaks for April 24, 2019
TWTR
Apr 24, 2019 | 08:41 EDT
SunTrust analyst Youssef Squali raised his price target on Twitter to $36, saying the company's Q1 results showed "improving health" of its platform for users and advertisers while driving "stronger" profitability and user metrics. The analyst notes that the company's newer products, advertising formats like video, and improved "abuse" detection have resonated with both groups. Squali is keeping his Hold rating on Twitter however because of the "fair valuation" on the stock, higher growth in expenditures relative to revenues expected in 2019, and tougher comps for the back half of the year.
News For TWTR From the Last 2 Days
There are no results for your query TWTR