We said back in November that $TWTR was oversold and attempting a rounding bottom at $29. The stock is now $34 and needs to clear the double top at $34.39 to close the gap to $38.
In $TWTR news:
BofA reiterated its Buy rating on Twitter with a note highlighting its stance that the social-media stock is among its top SMID-cap picks for the coming year.
Shares will do better once the company gets past Q4 earnings early next month, analyst Justin Post says: It faces a "difficult setup" going into the report, and the consensus may not have enough expense growth built in.
Consensus expectations are for a report of $0.27 in EPS on revenues of $996M.
But the company should benefit from the new Promoted Trend Spotlight ads, and could draft in a "secular tailwind" off linear TV time shifting online, he says.
As always, trade with caution and use protective stops.
Good luck to all!
In $TWTR news:
BofA reiterated its Buy rating on Twitter with a note highlighting its stance that the social-media stock is among its top SMID-cap picks for the coming year.
Shares will do better once the company gets past Q4 earnings early next month, analyst Justin Post says: It faces a "difficult setup" going into the report, and the consensus may not have enough expense growth built in.
Consensus expectations are for a report of $0.27 in EPS on revenues of $996M.
But the company should benefit from the new Promoted Trend Spotlight ads, and could draft in a "secular tailwind" off linear TV time shifting online, he says.
As always, trade with caution and use protective stops.
Good luck to all!
To receive our alerts via email and SMS, join Insider Financial for Free at signup.insiderfinancial.com
We are not financial advisors. Always conduct your own research and read our full disclaimer at insiderfinancial.com/disclaimer/
We are not financial advisors. Always conduct your own research and read our full disclaimer at insiderfinancial.com/disclaimer/
