Pivotal Research today initiated
TWTR
with a Buy rating and a $48 price target. Twitter should be a real winner in the current environment, given the fact there is a election approaching and it has now become the Media channel of choice for MR Trump, with others likely to use it as a similar platform for their campaigns. TWTR has also no reliance on China but unfortunately it will suffer in sympathy with the entire market. It is wise to wait for the market to settle, which could be a while before approaching a long position.
TWTR
with a Buy rating and a $48 price target. Twitter should be a real winner in the current environment, given the fact there is a election approaching and it has now become the Media channel of choice for MR Trump, with others likely to use it as a similar platform for their campaigns. TWTR has also no reliance on China but unfortunately it will suffer in sympathy with the entire market. It is wise to wait for the market to settle, which could be a while before approaching a long position.
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