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Twitter surges above $48 as Street praises Q4 beat

Feb. 06, 2015 11:59 AM ETTwitter, Inc. (TWTR) StockBy: Eric Jhonsa, SA News Editor18 Comments
  • "We find it bullish that the stock is finally starting to work on monetization rather than user growth, as this marks a change in sentiment," writes Canaccord's Michael Graham, reiterating a Buy on Twitter (NYSE:TWTR +16.9%) after it soundly beat Q4 estimates and offered mixed guidance. "We continue to believe Twitter has a long and predictable road map towards building a much larger business around its under-monetized audience.”
  • Cantor's Youssef Squali, one of several analysts hiking his target (he's now at $62), likes the fact management stated on the CC (transcript) user growth re-accelerated in January after slowing in Q4 due to a glitch in Twitter's iOS 8 integration.
  • RBC's Mark Mahaney is more concerned about user growth, as well as long-term ad upside. "[C]hannel checks still don’t provide convincing evidence that a substantial number of advertisers will commit substantial ad $s to Twitter. We are increasingly concerned that Twitter’s lack of real-time commercial intent (a la Google) or detailed, authenticated profiles (a la Facebook) will at some point materially limit TWTR’s ad growth potential."
  • CFO Anthony Noto mentioned on the CC Twitter won't be breaking out Timeline views going forward, since they don't account for product changes meant to lower views or content views on 3rd-party sites/apps. CEO Dick Costolo confirmed the Google deal, disclosed Vine is now showing over 1.5B videos/day, and stated Twitter is "working hard on a compelling product for logged out users."
  • Prior Twitter earnings coverage

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