Citing “growth pains that are about to end” thanks to product catalysts, KeyBanc Capital Markets analysts have updated Twitter TWTR,
to overweight the weight of the sector and set a $ 65 price target. “Our view is that improved performance and the combination of a cyclical recovery of ads and new products creates revenue potential that exceeds our revenue estimates above consensus in 2021 and 2022,” they said. say analysts Justin Patterson and Sergio Sugura in a clients note dated Wednesday. They anticipate 20% sustainable plus annual revenue growth from Twitter’s core business. “Under a more bullish scenario, we believe Twitter could achieve revenue of $ 20.7 billion by 2022 (about 10% above consensus),” analysts said. Twitter is expected to announce fourth-quarter results after the market closes on February 9th. Twitter shares closed nearly 3% at $ 48.19 per share on Wednesday.