UPDATE: Sterne Agee Initiates Coverage on Twitter on Positive Growth Outlook

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In a report published Monday, Sterne Agee analyst Arvind Bhatia initiated coverage on
TwitterTWTR
with a Neutral rating. In the report, Sterne Agee noted, “TWTR is likely to grow at a meaningfully faster pace than many of its social media peers. Also, its ‘mobile first' strategy positions it well to continue to succeed in the foreseeable future. ‘International' is both an untapped opportunity and a risk factor given 77% of user base is outside the U.S. but generates only 25% of current revenue. With TWTR shares already trading at a significant premium to its high-growth social media peers, we initiate coverage with a Neutral rating.” Twitter closed on Friday at $41.65.
Posted In: Analyst ColorInitiationAnalyst RatingsArvind BhatiaSterne Agee
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