Oppenheimer Expects Twitter Consensus To Fall 7-11%

On the back of Twitter Inc TWTR's earnings call, commentary is spilling in from all sides.

Popular themes for critique include the MAU number disappointment, the #RIPTwitter phenomenon and the fleeting opportunity many still grasped ardently ahead of the call.

In a quarterly update out Wednesday, Oppenheimer predicted the consensus toward Twitter would fall, and fall substantially.

While dropping its 2016 and 2017 estimates by 4 percent and 8 percent, respectively, the analysts "expect ‘16E revenue/EBITDA consensus estimates to decline by 7 percent/11 percent."

Related Link: This Twitter Bull Thinks #RIPTwitter Is Nonsense

"While Twitter is the best real-time content platform on the Internet in our view," Oppenheimer analysts began, "and has built a leading mobile monetization platform, MAUs need to accelerate for us to become positive on the stock."

The note continued, "Given current trends and competition for users, we have limited confidence in the platform's ability to re-accelerate MAUs over the next 12–18 months, pending a better understanding on planned product changes or actual monetization of logged-off users."

Honed Focus On Demand

Like many analysts reviewing Twitter post-Q4 release, Oppenheimer fervidly highlighted the MAU numbers and broad demand concerns.

"In our opinion, MAUs continue to decelerate as product updates are still in their infancy and competition is increasing around media aggregation," according to the analysts.

"Decelerating MAUs, flat engagement, and lower-priced ad products [are] likely driving weaker outlook," Oppenheimer concluded.

At time of writing, Twitter was trading down 3.81 percent on the day at $14.41.