- RBC Capital Markets analyst Mark Mahaney issued the note with a $20 price target.
- Cites multi-platform unique visitor deceleration, a 14% Y/Y total minute per unique visitor decline, further MAU and ad revenue (approximately 90% of total revenue) growth deceleration and immaterial product updates over the past quarter.
- In Q1 2016 Twitter (NYSE:TWTR) made $1.71 per MAU vs. $3.21 for Facebook. Mahaney forecasts 17% and 33% Y/Y growth in these numbers for Twitter and Facebook, respectively.
- Raymond James issued a note on the company earlier today as well.