Should Jack Go To Twitter (TWTR) Or Square (SQ) - Wedbush
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Rating Summary:
10 Buy, 47 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 6 | New: 11
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Wedbush analysts Gil Luria and Michael Pachter, posed the question of where Jack Dorsey Is most needed? Twitter (NYSE: TWTR) or Square (NYSE: SQ). Both have underperformed since the IPO and its unlikely that he will remain in the top slot at both companies for long. The two analysts performed an analysis of the risk/reward and determined Twitter is where Jack Dorsey is most needed.
Twitter has features during the CEO tenure (Moments, streaming video, and NFL game broadcasts), but the site has not seen a meaningful increase in the rate of user growth over the past year, with only 10 million MAUs added between September 2015 and September 2016 (just over 3% growth). The analysts view this as the source of the greatest reward as well as risk and by marketing the benefits of reading vs writing, he has the opportunity to jump start growth.
No change to the price targets of $14 for Twitter or $10 for Square.
For an analyst ratings summary and ratings history on Twitter, Inc. click here. For more ratings news on Twitter, Inc. click here.
Shares of Twitter, Inc. closed at $18.93 yesterday.
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