Twitter (TWTR) Finally Has a Post-IPO Catalyst
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Price: $53.70 --0%
Rating Summary:
10 Buy, 47 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 11 | New: 25
Rating Summary:
10 Buy, 47 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 11 | New: 25
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With sentiment and its stock price waning since its November 7th IPO, frustrated investors in Twitter (NYSE: TWTR) now have a quicker-than-expected catalyst to look forward to.
Because Twitter filed its IPO as an emerging growth company under the JOBS Act, they will exit the quiet period after 25 days, according to SunTrust Robinson Humphrey analyst Robert Peck. This compares to the normal 40 days before the quiet period expires.
Given this, Peck expects positive information flow on the name driven by a series of positive data points, such as: 1) Research from underwriters is likely to be unveiled Dec 2 - we would expect the research will be positive and contain data that only the underwriters analysts had access to, 2) The company will be able to speak publicly, addressing any concerns investors have surfaced during the quiet period and adding any new positive data points, and 3) Typically after a quiet period, a company can meet with large institutional clients as well as other broker's analysts which we think will provide more insight into current business trends.
Peck maintained his Buy rating price target of $50 on Twitter.
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 $41.00 yesterday.
Because Twitter filed its IPO as an emerging growth company under the JOBS Act, they will exit the quiet period after 25 days, according to SunTrust Robinson Humphrey analyst Robert Peck. This compares to the normal 40 days before the quiet period expires.
Given this, Peck expects positive information flow on the name driven by a series of positive data points, such as: 1) Research from underwriters is likely to be unveiled Dec 2 - we would expect the research will be positive and contain data that only the underwriters analysts had access to, 2) The company will be able to speak publicly, addressing any concerns investors have surfaced during the quiet period and adding any new positive data points, and 3) Typically after a quiet period, a company can meet with large institutional clients as well as other broker's analysts which we think will provide more insight into current business trends.
Peck maintained his Buy rating price target of $50 on Twitter.
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 $41.00 yesterday.
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