Twitter (TWTR) Gets No Love on Wall Street

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BTIG Starts Twitter (TWTR) at Neutral; Analyst Doesn't See Negative Catalyst

November 19, 2013 5:43 PM EST

BTIG initiated coverage on Twitter, Inc. (NYSE: TWTR) with a Neutral rating. Analyst Richard Greenfield isn't overly excited about Twitter's current valuation, but he doesn't see a major negative catalyst.

"Based on our projections, Twitter at $41.75 is trading at 15.6x 2015E and 10.3x 2016E revenue and 90x 2015 and 42x 2016E... More