Twitter Inc (NYSE: TWTR)
Twitter stock has been going through a bit of a short term correction lately; losing nearly $3 per share over the course of 5 days. However, today it’s all good news for TWTR investors as the correction seems to be over. Even Jim Cramer weighed in with his opinion of the stock being a “BUY”.
What Cramer Has To Say About TWTR
First off, I’d like to let you know that I have a very mixed opinion of Jim Cramer; however, I’ve also got to say that I think he hit the nail on the head with this one. That being said, he announced in an interview with The Street that in his opinion TWTR is a buy at $60.
What I Think About Twitter Stock
To be honest, I absolutely love it! There are a few reasons why…
- 3 Month Trend – As you know if you follow me, I look for long term trends. With that said, over the last 3 months, Twitter has performed exceptionally and I’m expecting that trend to continue through the next.
- Ability To Generate Earnings – There are tons of people that will point to a plateau in new users as a reason to back off of TWTR. While I understand the concerns, I think with the Firehose Feed and Google, this will be an issue of the past. Nonetheless, even if the new user issue continues, Twitter has a proven record of increasing earnings with its existing users; so, we’ve got a win, win here folks!
- Twitter’s Larger Ads – In a statement that echos what I just mentioned above, TWTR is testing larger mobile ads. These larger ads should improve click through rates and revenue from ads show to the social network’s existing users.
What We’re Seeing From The Stock Today
Today, Twitter is riding on highs. Currently (1:17), the stock is trading at $51.06 per share after a gain of 2.35% so far today; and it should continue to rise throughout the rest of the day.
What Do You Think?
Where do you think TWTR is headed and why? Let us know in the comments below!