Home > News content

Nomura Securities downgrades Twitter stock rating and cut target price by nearly 30%

via:CnBeta     time:2018/7/11 23:32:02     readed:192

"We see Twitter as a stable and valuable platform with long-term strategic value," Mark Kelley, an analyst at Nomura Securities, said in an investment note to clients on Tuesday. However, we see some downside risks to Twitter's general expectations for 2019, especially the current level of monetization that Wall Street expects for the first half of the year. "the combination of Twitter's recent operations and current valuations has prompted us to reorient Twitter's expectations and targets."

On Wednesday's US stock market, Twitter shares fell 1.4%. As of Tuesday, local time, Twitter shares have risen 82.2% so far this year, and the S&P 500 index has risen 4.5%.

After the US stock market closed last Friday, a report published in the Washington Post said that Twitter is stepping up efforts to close false accounts. According to the report, during the months of May and June this year, Twitter temporarily closed about 70 million accounts, and Twitter has not stopped in the footsteps of closing false accounts since July. Affected by this, US stocks closed this week, and Twitter shares fell 5.4%.

Ned Segal, Twitter's chief financial officer, clarified on Monday that "most of the accounts we have deleted are not included in our reporting indicators because they have not been active on the platform for 30 days or more." Or we will find them at the time of registration, but they will never be counted among our active users. "

Twitter did not immediately respond to requests for comment.

China IT News APP

Download China IT News APP

Please rate this news

The average score will be displayed after you score.

Post comment

Do not see clearly? Click for a new code.

User comments