TWTR

Twitter Inc

TMT


Presented:06/17/2021
Price:$60.71
Cap:$48.45B
Current Price:$53.70
Cap:$41.09B

Presented

Date06/17/2021
Price$60.71
Market Cap$48.45B
Ent Value$52.97B
P/E RatioN/A
Book Value$9.69
Div Yield0%
Shares O/S798.13M
Ave Daily Vol17,435,463
Short Int2.90%

Current

Price$53.70
Market Cap$41.09B
Twitter, Inc. is a global platform for public self-expression and conversation in real time. It provides a network that connects users to people, information, ideas, opinions and news. The company's services include live commentary, live connections and live conversations. Its application provides social networking services and micro-blogging services through mobile devices and the Internet. The company can also be used as a marketing tool for businesses. Its products and services include Promoted Tweets, Promoted Accounts and Promoted Trends. Twitter was founded by Jack Dorsey, Christopher Isaac Stone, Noah E. Glass, Jeremy LaTrasse and Evan Williams on March 21, 2006 and is headquartered in San Francisco, CA.

Publicly traded companies mentioned herein: Apple Inc (AAPL), AT&T Inc (T), Facebook Inc (FB), New York Times Co/The (NYT), Pinterest Inc (PINS), Snap Inc (SNAP), Twitter Inc (TWTR)

Highlights

The presenter is long shares of Twitter Inc (TWTR), noting that the Street is underestimating several opportunities in front of the company. Over the next twelve months, he expects TWTR to differentiate itself from other social media platforms through a new App Tracking Transparency (ATT) feature and a relative benefit from Apple (AAPL)’s IDFA changes. He also thinks TWTR, unlike other news cycle platforms, will put out strong US and global user numbers in a weak user environment. This free user DAU growth will partly be driven by product innovation from the subscription business. Additionally, he believes direct response (DR) can grow 40% – 50% annually over the next five years. Based on these dynamics, he values TWTR at 16x – 17x the terminal EBITDA, which yields an $85 price target.

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Idea Discussion

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