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The Zacks Analyst Blog Highlights: Twitter and JPMorgan Chase
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For Immediate Release
Chicago, IL – Dec 19, 2017 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Twitter and JPMorgan Chase (JPM - Free Report) .
Shares of Twitter surged to hit a new 52-week high on Monday morning after JPMorgan Chase analysts upgraded the once-struggling social media stock.
JPMorgan’s Doug Anmuth upped his Twitter rating from “Hold” to “Overweight” in a note to clients on Monday. The analyst also upped Twitter’s price target from $20 per share to $27 per share. The new price target represents about a 20% upside over the next 12 months based on Friday's closing price.
Anmuth also called Twitter one of his top small- to mid-cap picks for 2018, pointing to the company’s ability to create a different and new “value proposition.” He thinks Twitter should become "GAAP profitable" in 2018.
"We believe both the TWTR story and financial results will strengthen over the next year as the company continues to build on its differentiated value proposition for users & returns to revenue growth," Anmuth wrote.
The analyst highlighted a few major reasons for the upgrade. First, Anmuth noted that he believes Twitter will be able to improve and leverage video and live streaming. The JPMorgan analyst expects the social media company will also be able to grow its daily active user base by 10%, which Anmuth projects could lead to an 8% jump in advertising revenue.
"We recognize that TWTR shares are up 30 percent since 3Q earnings in late October and are not cheap at 11.8x 2019E EBITDA on our revised numbers," Anmuth wrote.
"But we believe increasing traction with both users and advertisers will drive upside to 2018 consensus (we are 4 percent above on revenue & 15 percent on EBITDA) and investor sentiment around TWTR remains mixed."
Twitter also drew investor attention on Monday after the company officially put into place its new policy that addresses hateful symbols and images. The company, which had previously cautioned on the side of nearly complete free speech, said it would start to put warnings in front of hateful images.
Shares of Twitter jumped over 9% on Monday morning to hit a new 52-week intraday trading high of $24.170 per share. Before today’s gains, shares of Twitter had climbed 26.45% over the last 12-weeks alone.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year.See these high-potential stocks free >>.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights: Twitter and JPMorgan Chase
For Immediate Release
Chicago, IL – Dec 19, 2017 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Twitter and JPMorgan Chase (JPM - Free Report) .
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Monday’s Analyst Blog:
Twitter Soars to 52-Week High on JPMorgan Note
Shares of Twitter surged to hit a new 52-week high on Monday morning after JPMorgan Chase analysts upgraded the once-struggling social media stock.
JPMorgan’s Doug Anmuth upped his Twitter rating from “Hold” to “Overweight” in a note to clients on Monday. The analyst also upped Twitter’s price target from $20 per share to $27 per share. The new price target represents about a 20% upside over the next 12 months based on Friday's closing price.
Anmuth also called Twitter one of his top small- to mid-cap picks for 2018, pointing to the company’s ability to create a different and new “value proposition.” He thinks Twitter should become "GAAP profitable" in 2018.
"We believe both the TWTR story and financial results will strengthen over the next year as the company continues to build on its differentiated value proposition for users & returns to revenue growth," Anmuth wrote.
The analyst highlighted a few major reasons for the upgrade. First, Anmuth noted that he believes Twitter will be able to improve and leverage video and live streaming. The JPMorgan analyst expects the social media company will also be able to grow its daily active user base by 10%, which Anmuth projects could lead to an 8% jump in advertising revenue.
"We recognize that TWTR shares are up 30 percent since 3Q earnings in late October and are not cheap at 11.8x 2019E EBITDA on our revised numbers," Anmuth wrote.
"But we believe increasing traction with both users and advertisers will drive upside to 2018 consensus (we are 4 percent above on revenue & 15 percent on EBITDA) and investor sentiment around TWTR remains mixed."
Twitter also drew investor attention on Monday after the company officially put into place its new policy that addresses hateful symbols and images. The company, which had previously cautioned on the side of nearly complete free speech, said it would start to put warnings in front of hateful images.
Shares of Twitter jumped over 9% on Monday morning to hit a new 52-week intraday trading high of $24.170 per share. Before today’s gains, shares of Twitter had climbed 26.45% over the last 12-weeks alone.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1 Stock of the Day pick for free.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year.See these high-potential stocks free >>.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.