Twitter, Inc. (TWTR) Analyst Day Preview - BofA Securities

BofA Securities analyst Justin Post reiterated a Buy rating and $78.00 price target on Twitter, Inc. (NYSE: TWTR) ahead of the company's virtual analyst day on 2/25. The day will likely include:
1) recent product initiatives, with data showing adoption of new products (such as Topics) and recently reduced churn
2) multi-year progress with trust and safety initiatives (also important for regulators)
3) a deep and functioning management team (to help offset criticism on Jack Dorsey’s dual CEO role, or need for an outside COO)

The analyst stated "Street estimates are at 18% revenue growth in 2022 and 16% in 2023 (per Bloomberg), and for day to be highly successful (for stock) we think Twitter would need to: 1) make a strong case for sustained user growth at 20%+ for multiple years, 2) suggest material ARPU expansion opportunity from revenue initiatives, and 3) indicate that margins may have bottomed in 2020."

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 $71.35 yesterday.

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