Ross Levinsohn: No Chance Twitter Is An Independent Company In 12 Months
Shares of Twitter Inc (NYSE: TWTR) spiked by more than 2.5 percent to $18.73 on Monday after Ross Levinsohn had some bullish commentary on the stock's outlook.
Levinsohn, a former interim CEO at Yahoo and current executive at Tribune Media, told CNBC that Twitter is "such a great brand" and is unlikely to continue operating as an independent company within two years.
Given Levinsohn's expertise and experience in technology, media and finance, investors and traders become incrementally bullish on Twitter's stock and bought shares. On the other hand, Twitter's stock is still lower by around 20 percent since the start of 2016 and more than 50 percent from its 52-week high of $36.75.
Wall Street Disagrees
Levinsohn's bullish outlook on Twitter isn't shared across some of Wall Street's top analysts.
For example, SunTrust Robinson Humphrey's Bob Peck downgraded Twitter's stock last week. He noted the company's monetization initiatives "can only go so far" and its business will be plagued with "limited new product introductions" amid a "challenging advertising background."
The Street's Jim Cramer and Jack Mohr also shot down Twitter's attractiveness as a takeover target. They wrote that investors shouldn't get "sucked into the speculation" of M&A activity absence a tangible offer.
They added that any firm that would acquire Twitter would also inherit a "murky situation" that it would need to "address and ultimately fix."
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