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

June 9, 2020
motek 1The 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.

Summary

  • 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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Highlights

  • Profiting From Profit
  • World Cup and New News Win Engagement
  • Current I Know First Bullish Forecast for TWTR

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