Twitter Rating Cut to 'Sell' at Pivotal Research

Now watching

Next video starts in : 7 Play

Twitter Rating Cut to 'Sell' at Pivotal Research

Twitter Rating Cut to 'Sell' at Pivotal Research
Replay video
Up next

July Fourth in New York City Means Two Things: Fireworks and Hot Dog Eating Contests

Unlock your personal NFL Now stream by signing in to NFL.com

Twitter Rating Cut to 'Sell' at Pivotal Research

by TheStreet 3:30 mins

Twitter Rating Cut to 'Sell' at Pivotal Research

by TheStreet 3:30 mins

Twitter posted better-than-expected quarterly earnings on Tuesday, along with monthly average users that climbed 24% year over year and ad revenue that increased 129%. Shares of Twitter soared on the news. As a result, Brian Wieser, senior analyst at Pivotal Research cut his rating on Twitter to Sell from Hold. He explains that with the price rising in heavy volume in the after-market, the trading price was more than 15% away from what he believes is fair value. He breaks down his thoughts on the quarter, the key risks he sees to Twitter's valuation and why user growth is not nearly as important to him as it seems to be to others.

TheStreet

Personal Finance

  1. 1:04

    Money Minute: Can I really negotiate my doctor's bills?

  2. 1:59

    Unexpected -- and brilliant -- ways these people made tons of money

  3. 1:07

    How to start investing in your 401(k)

  4. 2:23

    You can't go wrong if you major in a STEM field and other myths about college

  5. 2:17

    How much would you spend on your wedding?

  6. 1:10

    Money Minute: When is the right time to lock in your mortgage rate?