Twitter tops $41; Evercore thinks U.S. user growth improving


Twitter's (TWTR +4%) U.S. user base might be up 20% Y/Y in Q2, an improvement from Q1's 19%, writes Evercore's Ken Sena, reiterating an Overweight and $48 PT. That, in turn, makes a Street forecast for 21% global growth quite achievable.

Twitter, of course, has been battling with user growth and engagement concerns for months.The company fell well short of a target of 400M MAUs by the end of 2013 (it finished Q1 2014 with 255M, +25% Y/Y), and its Q4 numbers amplified investor investor worries. Twitter is rolling out/testing a slew of changes to deal with the issue.

Shares now +39% from their May low of $29.51, but still -45% from a December high of $74.73. They go for 10x 2015E sales exc. net cash/investments.

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Comments (12)
  • jerrycalpha
    , contributor
    Comments (58) | Send Message
     
    woo hoo! Broke resistance. Let the froth continue!! Next stop 47, I suppose. Party on.
    26 Jun 2014, 12:05 PM Reply Like
  • stockbuyer2014
    , contributor
    Comments (133) | Send Message
     
    dont know if this can continue. we will see, resistance is gonna be hard up at 47
    26 Jun 2014, 12:38 PM Reply Like
  • 22643611
    , contributor
    Comments (2099) | Send Message
     
    It has been very strong since breaking $35
    26 Jun 2014, 12:28 PM Reply Like
  • Shaduc
    , contributor
    Comments (2984) | Send Message
     
    "It has been very strong"

     

    What had been strong?

     

    Price momentum despite the lack of fundamentals ...
    26 Jun 2014, 07:03 PM Reply Like
  • 22643611
    , contributor
    Comments (2099) | Send Message
     
    Exactly

     

    see my post below V
    26 Jun 2014, 07:27 PM Reply Like
  • Shaduc
    , contributor
    Comments (2984) | Send Message
     
    saw it, thanks!
    26 Jun 2014, 07:50 PM Reply Like
  • diaboliqueguan
    , contributor
    Comments (855) | Send Message
     
    dont like to be a kiljoy, but how many accounts on twitter are fake? those reality personalities bought more than 60% of them on their accounts.
    26 Jun 2014, 01:02 PM Reply Like
  • 22643611
    , contributor
    Comments (2099) | Send Message
     
    @diabolique, TWTR is not rising on fundamentals - it is rising on momentum.
    26 Jun 2014, 01:20 PM Reply Like
  • Krustyman
    , contributor
    Comments (958) | Send Message
     
    @22643611

     

    Quite the opposite IMHO. This is the communication platform of the future and more people are realizing this fact.

     

    (TWTR) and (YELP) are my favorite stocks.

     

    Bull!

     

    Krusty
    26 Jun 2014, 02:00 PM Reply Like
  • stockbuyer2014
    , contributor
    Comments (133) | Send Message
     
    i can see twtr not so much for yelp. maybe if it gets cheap enough like when twtr crashed
    26 Jun 2014, 03:34 PM Reply Like
  • Emerald2112
    , contributor
    Comments (21) | Send Message
     
    Why couldn't SA send this info out about Evercore report earlier? I mean I would've bought at the open if had known. TWTR is on my SA stock list to follow but got the email on the rally only at 12pm US time...e.g too late. Would've liked to have known about the report atleast earlier to have watched closer and had the option to join the rally...
    26 Jun 2014, 02:28 PM Reply Like
  • Gil Ozatalar
    , contributor
    Comment (1) | Send Message
     
    Before too long, TWTR will be purchased by Apple or Google at a rich premium. Good luck
    27 Jun 2014, 09:39 PM Reply Like
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