Seeking Alpha

Twitter gets another upgrade

  • There's more buying of the dip in Twitter (TWTR) as Cantor Fitzgerald makes it two upgrades in two days.
  • Overvaluation, unrealistic expectations for growth, and the massive lock-up expiration were behind the stock's slump, says the team, but the overvaluation and lock-up have been dealt with. As for expectations, comparisons with Facebook's reach set an unattainable standard. "That said, we think Twitter should show substantial revenue growth/margin expansion and generate meaningful returns to shareholders without having to mirror FB's model [or] approach its size," says Cantor.
  • Shares +1.3% premarket after yesterday's 10.7% jump.
  • Previously: Twitter leaps after Nomura upgrade
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Comments (3)
  • 22643611
    , contributor
    Comments (2101) | Send Message
     
    Took a pre-market long position in TWTR.
    I think we will see some more upgrades coming as the funds likely have been building positions when TWTR was down and now they will have their minions upgrade and sell before their latest price targets.

     

    In the meantime armed with this information (my opinion) I will be happy to try and capitalize on it.
    29 May, 08:38 AM Reply Like
  • Island_Dweller
    , contributor
    Comments (389) | Send Message
     
    Nailed it yesterday, and the nailing continues? Feels good man.
    29 May, 09:39 AM Reply Like
  • toosmarttofail
    , contributor
    Comments (578) | Send Message
     
    The recent lows have not yet stabilized. Odds are this is a bear rally on the way to 10-15. If you're betting on a reversal, do it with options to reduce your exposure.
    29 May, 09:47 AM Reply Like
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