Twitter Stock: Are there Good Times ahead for the Company?

Twitter Inc. (NYSE: TWTR) is a world-renowned company in the field of social media along with other rivals like Facebook Inc. (NASDAQ: FB) and Snap Inc. (NYSE: SNAP) which belong to the same field. The latest controversy because of the permanent ban that Twitter has imposed on the Twitter account of Donald Trump made the company go a little down but then the report of final quarter earnings of the company made its stock rise high in the market. The last quarter earnings report has clarified that the company is not going down but has better prospects lying ahead.

Twitter and its Latest Report on Income

The analysts had predicted that the revenue for the last quarter would come out to be around $1.19 billion but the firm showed much better results. The revenue has come out to be $1.29 billion and the rise is quite good i.e. by 28% which is no small number. This has put the company in a good light and made it more considerable.

The company expects betterment in the future as well and the year 2021 to bring in even better profits and revenues for the company. As per the company, it expects that they would have a good first quarter and would be able to bring out returns of over $940 million to $1.04 billion. It would be interesting to see whether the company can generate as much as it has stated that it expects to.

Summary of the Latest Statistical Figures of Twitter Inc. (NYSE: TWTR)

  • 52 Week Range: $20.00 – $69.25
  • Average Volume: 15,967,491
  • Market Capital: $54.402B
  • Forward Dividend and Yield: N/A (N/A)

The price of the stock is quite affordable but it is only good to buy a lowly priced stock if it brings in good profits. In the case of Twitter, it is a well-known name in social media with lots of active users that keep increasing. The company at present seems reliable but the situation is not completely balanced because it needs more observation from the analysts and investors.

Purchasing Twitter Stock

For now, it might not be a very good idea to buy Twitter stock but it is also not the worst-case scenario. Shortly, Twitter might come under the category of buy now stocks because it is in good competition with Facebook which is one of the FANG stocks.

Investors can invest in the stock if they judge it based on the current report of earnings which boosted the stock and its value. It is however better if the stock is observed and kept track of for some more time before investing so that the stock brings in only profits and does not become an investment of loss in any case. There is a high probability that the company will outshine in the future, but when it comes to investing, the investors should always go for the least risk zone.

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