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Summit: Twitter's drop is chance to buy

Published 07/10/2018, 12:05 PM
© Reuters.  Summit: Twitter's drop is chance to buy
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  • Summit Insights is in line with JPMorgan (NYSE:JPM) on what to do with Twitter (NYSE:TWTR): Monday's drop was a buying opportunity with some misunderstanding flowing around reports of millions of account suspensions.
  • Twitter CFO Ned Segal noted that most suspended accounts wouldn't show up in reported monthly metrics, and Summit's Jonathan Kees urges investors to focus instead on daily users, engagement, earnings and cash flow. The company's quickly evolving into a content distributor with breaking news, sports partnerships and a deal with Disney. (h/t Bloomberg)
  • He's maintaining a Buy rating and $52 price target, implying 18% upside.
  • Previously: Twitter -8.4% after report of mass suspensions (Jul. 09 2018)
  • Previously: Post: Twitter suspension pace could hit user growth (Jul. 06 2018)
  • Now read: Gilead Sciences (NASDAQ:GILD) Is Too Cheap To Ignore - Cramer's Lightning Round (6/22/18)


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