Twitter (TWTR) – 29.12.2016

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Let’s be clear; 2016 has been full of action for Twitter. Buyout rumours, loss of numerous executives etc… The share price has been through an absolute roller coaster!!

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Only last week we heard the news that two more executives are leaving the company. This was followed by a bearish report by Global Equities Research claiming that the stock doesn’t even worth $10.

On the other hand we all know that Twitter beat the estimates in the last quarter. Some institutions opened long position on Twitter as well.

The stock price was $16.39 at the end of Wednesday. We believe this drop was an overreaction and the stock is going to bounce. Our target price is $17.50.

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This cannot be considered an investment advice!!