Topeka Capital Says Twitter's Near-Term Concerns Provide Buying Opportunity
Shares of Twitter (NYSE: TWTR) have moved 1.5 percent higher to $49.50 in Tuesday's trading after Topeka Capital analyst Victor Anthony voiced some near-term concerns for the company
In the note, Anthony voices concerns for Twitter's active user growth for the “next several quarters as company initiatives takes hold.” The lock-up expiration in early May could “create share price volatility,” the analyst said.
These concerns “create buying opportunities for investors with a longer-term view. Monetization is not an issue for Twitter.”
Anthony compares Twitter's current situation to Facebook's mobile monetization problems in the past and believes Twitter's MAU growth concerns are “solvable.”
Latest Ratings for TWTR
|Aug 2016||Evercore ISI Group||Downgrades||Hold||Sell|
|Jul 2016||JP Morgan||Maintains||Neutral|
|Jul 2016||BMO Capital||Maintains||Market Perform|
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