Twitter (TWTR) 1Q MAUs Should Be Stable - Suntrust's Peck

SunTrust Robinson Humphrey analyst, Robert Peck, thinks that with suppressed expectations Twitter (NYSE: TWTR) will report financials in-line and likely issue conservative guidance. However, most investors remain focused on MAUs as the barometer for success of the company’s strategy and vision which he believes performed "better than feared" in the quarter, resuming growth with ~4M core net adds.

Many investors he speaks with have raised questions about various 3rd party data sources that point to declines in MAUs for the quarter. However, his checks with JNFE Consulting point to slightly higher MAUs. He acknowledges that activity on the platform remains challenged but feels trends are stabilizing and is cautiously optimistic.

Risks include potential impact from continued growth of Instagram (FB) as well as Snapchat (Private). Maintain Buy and $20 PT expecting 1Q MAUs Stable.

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 $17.58 yesterday.

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