In a research report published today, Cantor analyst Youssef Squali maintained a Buy rating on Twitter (NYSE:TWTR) with a price target of $58, as the company will host its first Financial Analyst Day on Wednesday, November 12th.
Squali observed, “Dick Costolo (CEO), Anthony Noto (CFO), and other key executives are expected to do a deep dive into the business and showcase the depth of their management bench at a time when many executives have left. We expect mgnt. to detail its vision, strategy with key priorities for growth and financial outlook (although we don’t expect long-term guidance.) In anticipation of the all-day event (9AM-4PM PST), we’ve compiled a list of the top 10 issues, which we believe mgnt. needs to address.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Youssef Squali has a total average return of 28.5% and a 75.0% success rate. Squali has a 9.1% average return when recommending TWTR, and is ranked #2 out of 3367 analysts.