UPDATE: Cantor Remain Buyers Of Twitter Following Earnings

In a research report released Tuesday, Cantor analyst Youssef Squali assigned a Buy rating on Twitter Inc (NYSE:TWTR) with a $58 price target, as the company reported 3Q:14 results, which topped guidance and consensus estimates for both revenue and EBITDA, but met on EPS.

Squali wrote, “While management hinted at stabilization in user engagement in 4Q Y/ Y, re-acceleration in this key metric is likely to take time as the company tries to influence it through improvements to the user experience and content, and by introducing new apps and services. Twitter continues to be under-monetized relative to peers, and with the potential to effectively target a massive base of non loggedin users, we see meaningful upside potential over time.”

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 27.9% and a 67.9% success rate. Squali has a 19.2% average return when recommending TWTR, and is ranked #4 out of 3349 analysts.

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