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Citing “growing pains coming to an end” thanks to product catalysts, KeyBanc Capital Markets analysts improved Twitter TWTR,
overweight relative to sector weighting and set a price target of $ 65. “We believe execution is improving and the combination of a cyclical recovery in announcements and new products creates revenue potential to exceed our above-consensus revenue estimates in 2021 and 2022,” analysts Justin said. Patterson and Sergio Sugura, in a note to clients dated Wednesday. They predict sustainable growth of 20% plus annual revenue from Twitter’s core business. “In a more optimistic scenario, we believe Twitter could reach 2022 revenue of $ 5.7 billion (around 10% above consensus),” analysts said. Twitter is expected to report its fourth quarter results after the market closes on February 9. Shares of Twitter closed nearly 3% lower at $ 48.19 a share on Wednesday.
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