Twitter (TWTR) Said to Lose Two More Execs

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Go back to Twitter (TWTR) Said to Lose Two More Execs

MKM Partners Lowers PT on Twitter (TWTR) to $61; Story Hasn't Changed, Recommends Buying on Weakness

October 31, 2014 11:32 AM EDT

MKM Partners maintains Twitter (NYSE: TWTR) at Buy, but lowers its price target from $64 to $61 following Q3 results out earlier in the week.

Analyst Rob Sanderson noted that Q3 results were strong with MAUs falling inline, but Q4 guidance was weak. Notable points from the company's conference call:

Triangulation of three metrics assumed in guidance implies a flat MAU outlook for Q4. Mgmt. did not... More