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Twitter Inc Has Potential To Double Revenue By 2017, Says Deutsche Bank

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Deutsche Bank on Tuesday suggested that Twitter Inc (NYSE: TWTR) has huge potential to double revenue by 2017.

Analysts led by Ross Sandler mentioned that "while some of the renewed confidence is starting to be priced into Twitter shares since 2Q results, we remain in the bull camp and see it as one of the best ways for investors to play the rapid growth in mobile."

Sandler saw areas for growth both in “logged-on” users and “logged-off” users. Using Facebook Inc (NASDAQ: FB) as a guide, Sandler forecasted revenue “north of $6 billion” by 2017, which is 40 percent above current consensus.

Logged-off users -- those without a Twitter account but who visit the site -- may have the potential to double revenue. According to Sandler, "Twitter is likely to introduce a number of new user experiences for those who don't want to take the time to fully sign up for Twitter to self-curate their home timeline."

The report concluded that "as we extend our framework for Twitter ad revenues into the next 2-3 years we believe there is plenty of runway left to drive strong revenue growth."

Deutsche Bank maintained a Buy Rating and $60 price target on the company.

Twitter Inc recently traded at $54.84, up 2.59 percent.

Latest Ratings for TWTR

DateFirmActionFromTo
Dec 2018GuggenheimInitiates Coverage OnBuy
Oct 2018Aegis CapitalMaintainsBuyBuy
Oct 2018BMO CapitalMaintainsMarket PerformMarket Perform

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Posted-In: Deutsche Bank Facebook Ross SandlerAnalyst Color Reiteration Analyst Ratings

 

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