In a program on CNBC, it was reported that Twitter Inc (NYSE:TWTR) is coming back in action. Analysts have set an outperform rating for the stock and a price per share target of $49. CNBC’s Dominic Chu said that although Twitter Inc (NYSE:TWTR) is back in action, we must not forget that this stock was once trading at $75 with a lot of growth chances. But Twitter Inc (NYSE:TWTR) stock tumbled recently after massive company management issues, product curve decline, slips and internal rifts. Twitter Inc (NYSE:TWTR) is investing heavily on content and ads. Chu thinks that this is the reason why analysts are bullish on the social media platform now. Still, Chu thinks, Twitter Inc (NYSE:TWTR) has a long way to go. Its competitors like Facebook have covered massive milestones recently and Twitter will have to run an extra mile to cover up all the mess it created lately.
Another expert in the program said that out of all the points that make investors bullish on Twitter Inc (NYSE:TWTR) stock, the most important and noteworthy is the fact that the company has huge growth prospect in ads domain. It has failed in user growth and engagement in the recent past, but if the company can monetize and innovate its ads, it will give a big bloom to its troubled market position.
Experts seem unhappy from Twitter Inc (NYSE:TWTR) CEO Dick Costolo. They said that Twitter Inc (NYSE:TWTR) stock could rally if Dick Costolo goes off the scene. A management change in Twitter Inc (NYSE:TWTR) can certainly be a good news because Costolo is unable to focus on a clear, well-defined product strategy.
John Thaler’s Jat Capital Management owns over 7.3 million shares in Twitter Inc (NYSE:TWTR).:TWTR).
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