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Twitter Stock Forecast: Why You Should Still Go Long On Twitter

The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Twitter’s stock touts a 1-month price return of 24.23%. Profit taking now is justified. However, I’m still endorsing this stock as a buy.
TWTR has recovered from its March sell-off 52-week low of $20. This stock is still way below its 52-week high of $45.86.
Yes, the COVID-19 pandemic is slowing the growth of digital advertising this year. Business closures are forcing some advertisers to spend less.
Going forward, more product sellers and marketers will no longer spend on out-of-home/billboard advertising. They will just re-align their ad budgets to digital advertising platforms like Twitter.
My buy rating for TWTR is also largely influenced by its valuation ratios

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The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Twitter is now profitable and has more than $6.2 billion in cash and short-term investments.
I still rate TWTR as a sell. For more than a decade now, Twitter remains way behind Facebook and Google when it comes to advertising.
Twitter’s persistent failure to become a top 5 digital advertising business convinced me it has ceased to be a growth stock.
Selling its users’ tweets to third-party companies is not going to be a major growth driver for Twitter.
Even I Know First has a neutral or ignore rating for TWTR. Many investors obviously lost enthusiasm for Twitter.