MKM Says Buy Twitter Ahead of May Earnings Release
MKM Partners is advising clients to buy Twitter (NYSE: TWTR) ahead of earnings on May 7.
Citing a proprietary survey, analyst Rob Sanderson believes the company's user growth issues “appear to be fixable.”
The slowing of user growth could be attributed to difficulties related to account maintenance, the analyst said.
User-engagement is high, which suggests large advertising potential, according to Sanderson.
Jim Struggler, MKM derivatives strategist, advised investors add long exposure by using June $40/$50 risk reversals.
The stock has been a roller coaster since its initial public offering in November 2013. Shares opened for trade at $45.10 on November 7 after being priced at $26. By late December the stock had reached a high of $74.73.
Shares of Twitter are up 0.57 percent to $47.30 in Wednesday's trading.
Latest Ratings for TWTR
|Oct 2016||Loop Capital||Upgrades||Sell||Hold|
|Oct 2016||Evercore ISI Group||Upgrades||Sell||Hold|
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