Twitter Inc (TWTR) May Double Its Revenue By 2017 [REPORT]

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Twitter Inc (TWTR) May Double Its Revenue By 2017 [REPORT]
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Twitter Inc (NYSE:TWTR)’s Buy rating has been reaffirmed by Deutsche Bank analysts in a report released on Tuesday, October 7th. Analyst Ross Sandler assigned a price target of $60 to the stock, and noted potential opportunities for growth related to logged-off users.

Twitter has potential to double revenue by 2017

Sandler said that Twitter Inc (NYSE:TWTR) shares have recovered after the lock-up expiration. Even though investors are getting used to the “logged-in MAU” and revenue trajectory, “we sense a general lack of clarity around the “logged-off” opportunity.” If Twitter is able to enhance its focus on “mobile content discovery and execute on logged-out,” then, according to the analyst, there is a possibility to double both revenues and market cap.

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