Rosenblatt Securities Says Twitter To See Revenue Growth Upside, Initiates At Buy

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

In a report published Thursday, Rosenblatt Securities analyst Martin Pyykkonen initiated coverage of Twitter, Inc. (NYSE: TWTR) with a Buy rating and $60 price target as the company is now well positioned for a revenue growth and EBITDA margin expansion breakout.Pyykkonen noted six key points to support his bullish outlook:

Advertising monetization growth has exceeded user and usage growth.
Global sales force is reaching "critical mass" with direct sales in 73 countries.
Video clips ads should be in demand from large advertisers.
The frequency of technology innovation and new product rollout is increasing.
Efforts to reduce complexity for new and low frequency users are effective.
Twitter is reducing the complexity in reporting metrics for financial measurement.

"We think Twitter has an attractive fundamental long-term opportunity to further develop advertising monetization, primarily through targeted advertising and as well this year and beyond with brand advertisers," Pyykkonen wrote. "Targeted performance-based and direct response ads are well proven in the marketplace and have been the main driver in Twitter's advertising revenue growth so far."

27% profit every 20 days?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!