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JPMorgan analyst expects Twitter revenue drops in Q2 and Q3

Published 07/07/2017, 07:38 AM
© Reuters.  JPMorgan analyst expects Twitter revenue drops in Q2 and Q3
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  • JPMorgan (NYSE:JPM) analyst Doug Anmuth maintains his Neutral rating and $15 price target on Twitter (NYSE:TWTR) but warns that his previous Q4 estimate for 2% growth might prove overly optimistic.
  • Anmuth approves of recent product changes but questions how quickly Twitter can recapture ad revenue.
  • Notes that Twitter has steady download numbers and has grown in app store ratings compared to last year’s period.
  • The comScore time spent in the app dropped in April and May as did mobile unique viewers.
  • The analyst expects 4M new monthly active users in Q2 and revenue drops in Q2 and Q3.
  • Source: StreetInsider.
  • Twitter shares are up one cent premarket to $17.93.
  • Now read: Taking Stock With Tech: Micron Recovers On Industry Data Whereas Snap Inc (NYSE:SNAP). Releases New Features


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