Twitter (TWTR) Monetization Hit a Wall - Baird
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Rating Summary:
10 Buy, 47 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 11
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Baird analyst Colin Sebastian reiterated a Neutral rating and $16 price target on Twitter, Inc. (NYSE: TWTR) as monetization hitting a wall, although the analyst said the company is not standing still.
Sebastian commented, "Twitter reported Q2 revenues of $602M, slightly below consensus, with soft 3Q16 revenue/EBITDA guidance (mid-single-digit revenue growth, EBITDA margin ~flat Y/Y) as Twitter continues to face ROI/attribution hurdles relative to other social/online advertising peers. While user growth and engagement are showing signs of sequential improvement, we expect shares to remain under pressure/range bound until revenues and/or active user growth accelerates. Maintain Neutral rating, $16 price target."
For an analyst ratings summary and ratings history on Twitter, Inc. click here. For more ratings news on Twitter, Inc. click here.
Shares of Twitter, Inc. closed at $18.45 yesterday.
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