Market Overview

5 Reasons Pivotal Upgrades Twitter To Buy

Share:
5 Reasons Pivotal Upgrades Twitter To Buy

Twitter Inc (NYSE: TWTR) has been a victim of "executional hiccups" but the "ship is moving in the right direction," according to Pivotal Research Group.

The Twitter Analyst: Michael Levine upgraded Twitter's stock from Hold to Buy with a price target lifted from $36 to $59.75.

The Twitter Thesis: The following are the many points of logic behind Pivotal's new bullish stance on Twitter's stock:

  1. Twitter has benefited from superior usage metric amid the COVID-19 pandemic and the company is converting users who up at the site (classified as MAUs) to monetized users at a greater rate than before.
  2. Twitter's revenue improvement in July and August was the "most profound" at Twitter compared to other stocks under coverage.
  3. Twitter's ad business can still benefit from live events. Disappointing ratings "doesn't change what it means" for an advertiser looking to advertise to a client base that continues to move towards online channels. Twitter CFO Ned Segal pointed out on CNBC that empty sports stadiums imply platforms like Twitter can become like a new stadium.
  4. Elliott Management and Silverlake are not "playing for a 25%-35% return." The two investment firms are among the most successful and esteemed in the technology space.
  5. Twitter is "the greatest news product on the planet." Most notably, the analyst writes, "without getting too political, FOX news unwatchable as it is so antidemocratic and CNN unwatchable as it is so anti-republican." Instead, Twitter offers everyone the ability to customize and curate personalized news sources

TWTR Price Action: Shares of Twitter were trading higher by 6.8% at $45.65 after hitting a 52-week high of $46.82.

Related Links:

Facebook, Twitter, YouTube Make Peace With Advertisers Over Harmful Content: FT

Pinterest Sets Record For Daily Downloads — Thanks To Apple

Latest Ratings for TWTR

DateFirmActionFromTo
Oct 2020JefferiesMaintainsHold
Oct 2020Morgan StanleyMaintainsEqual-Weight
Oct 2020Deutsche BankUpgradesHoldBuy

View More Analyst Ratings for TWTR
View the Latest Analyst Ratings

 

Related Articles (TWTR)

View Comments and Join the Discussion!

Posted-In: Michael Levine Pivotal Research Group social mediaAnalyst Color Upgrades Price Target Top Stories Analyst Ratings Best of Benzinga

Latest Ratings

StockFirmActionPT
MSFTStifelMaintains245.0
TXRHJP MorganMaintains67.0
SBUXJP MorganMaintains82.0
MCDJP MorganMaintains220.0
CMGJP MorganMaintains1,115.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com