Actionable news
All posts from Actionable news
Actionable news in TWTR: TWITTER Inc,

Why Key Analyst Sees Twitter Worth 50% More

In just the past week alone, Twitter Inc. (NYSE: TWTR) has been incredibly active — whether it is announcing Jack Dorsey as permanent CEO or Saudi Prince Alwaleed bin Talal disclosing a 5.17% stake in the company. As a result of this heightened activity and recent underperformance, one key analyst firm issued a call that sees Twitter rising by 50% or more.

According to Argus, the board’s decision to reinstate Jack Dorsey as CEO is a bet on his ability to rekindle this important operating metric, as well as to discover and invest in the appropriate adjacencies for the Twitter platform.

Meanwhile, Prince Alwaleed’s increased commitment to the company may help to boost institutional ownership and dispel some of the skepticism surrounding Twitter. In...