Twitter plunges following a Q3 revenue and EPS miss. The revenue miss is shocking, considering the mDAUs surged 17% in the quarter to 145 million. The stock might be stuck at $30 until the company can show revenue growth to top 15% again.
The stock is a bargain with an EV of $20 billion and ’20 revenue targets to top $4 billion.Twitter (NYSE:TWTR) just reported the unthinkable combination of accelerated user growth while substantially missing revenue targets. An investor needs to focus on the user growth and let the revenue problems work themselves out in due time.
Sometime next week after the stock takes the usual three days to bottom out might be a good time to buy