MKM Partners Sees Twitter (TWTR) Top-Line Beating the Street in Q1

MKM Partners analyst Rob Sanderson reiterated a Buy rating and $72 price target on Twitter, Inc. (NYSE: TWTR) ahead of first quarter results after the close of trading tomorrow, April 29th.

Sanderson sees revenue for the quarter in the $250-260 million range which compares favorably to the consensus of $241 million.

The analyst also highlighted:

• We think TWTR has the most potential for significant upside surprise, though this is more speculative given limited history with only one quarter on record as a public company.
• Inputs from advertisers suggest meaningful performance gains and incremental dollars heading to TWTR with significant headroom, especially as new ad formats ramp.
• We think expectations for user growth are low, with MAUs in the 250-255mn range.

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 $41.61 yesterday.

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