Cantor Maintains Buy On Twitter On The Back Of Strong 4Q:14 Results


In a research report published Friday, Cantor analyst Youssef Squali maintained a Buy rating on Twitter Inc (NYSE:TWTR) and slightly raised the price target to $62 (from $58), as the company reported fourth-quarter results, posting revenue of $479.1M, beating consensus estimate of $453.8M.

Squali observed, “Twitter reported strong 4Q:14 results, with revenue and EBITDA ahead of expectations. Monetization was again the primary driver, reflecting strong demand for ads on the platform. While MAU growth was light due to a glitch in a software integration rollout, engagement was up vs. our expectations of flat and cons. of slightly down. Importantly, management noted that user growth re-accelerated in January with net adds on a trajectory of 13-16M in 1Q:15. A few more quarters of strong execution like this should reposition Twitter and make it a core holding within the group rather than a trading stock, in our view.”

Twitter, Inc. is a global platform for public self-expression and conversation in real time.