Seeking Alpha

Underwriters begin coverage of Twitter; Goldman says Buy

  • With the quiet period over for the Twitter (TWTR) underwriters, a handful of initiations hit the Street:
  • "There is substantial long-term value in Twitter's potential to become the leading platform for real time mass communication," says Goldman's Heath Terry, starting the stock at a Buy with $46 price target. "While its growth trajectory is unlikely to be linear, we believe (positive earnings) revisions will, over time, justify considerable upside." Goldman sees FY13 EPS and revenue at -$3.37 and $623.2M, and FY14 at -$0.72 and $1.29B.
  • JPMorgan and Morgan Stanley initiate with Holds, while BAML starts Twitter with a Sell and $36 price target.
  • Shares are little-changed premarket
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    another facebook dud!
    2 Dec 2013, 09:49 AM Reply Like
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