Twitter: No Turning Back
Twitter appears to have hit an inflection point with mDAUs.
Investors need to not get caught up in perceived weak revenue guidance.
My prediction is that revenue growth will push back above 20%.
The stock has plenty of upside potential at $40 as analysts raise estimates.
My previous research focused on how the market was far too bearish on Twitter (TWTR). The social-media company has consistently grown daily average users (DAUs) by ~10% while the market has been too focused on revenue guidance. The Q1'19 results proved this thesis leaving the stock in a position to test 52-week highs at $48.
Read the full article at Seeking Alpha.
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Disclosure: Long TWTR. Please review the disclaimer page for more details.
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