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Today's Research Reports on Stocks to Watch: Twitter and Facebook

ACCESSWIRE

NEW YORK, NY / ACCESSWIRE / June 4, 2018 / Twitter shares got a pop in share price after an analyst with MKM Partners increased his price target on the stock over the World Cup being an opportunity for the company. Shares of Facebook also saw gains after announcing that it would remove its "trending" news feature.

RDI Initiates Coverage on:

Twitter, Inc.
https://www.rdinvesting.com/report/?ticker=TWTR

Facebook, Inc.
https://www.rdinvesting.com/report/?ticker=FB

Twitter, Inc. shares were gaining heavily in Friday trading, closing the day up almost 6% on slightly higher volume than usual. Shares gained steam after MKM Partners analyst Rob Sanderson increased his price target on the stock from $40 to $43. He wrote, "The Internet advertising environment appears to remain robust entering mid-year. We think the World Cup can be a more meaningful driver for TWTR than in 2014 because … the service is much improved than four years ago." He also wrote, "We still think there is potential for mass-market adoption in the future which could revalue the company significantly higher, in our view. We think this represents option value and is not part of our investment thesis at this time." The FIFA World Cup will be held in Russia from June 14 to July 15. In other news, the social media will also be banning users who signed up before they were 13 years old. The bans will take place whether those users provided their birth dates at the time they signed up or later added it to their profiles, according to Motherboard. Twitter told Motherboard it cannot separate the content posted before or after the user turned 13.

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Access RDI's Twitter, Inc. Research Report at:
https://www.rdinvesting.com/report/?ticker=TWTR

Facebook, Inc. shares closed up 1.15% last Friday on about 17.3 million shares traded. The king of social media announced last week that it would be eliminating the "trending" news feature from its platform as it deals with criticism over fake news. The company wrote in a post, "People tell us they want to stay informed about what is happening around them. We are committed to ensuring the news that people see on Facebook is high quality, and we're investing in ways to better draw attention to breaking news when it matters most.” Alex Hardiman, head of news products, also said on the post, "We've seen that the way people consume news on Facebook is changing to be primarily on mobile and increasingly through news video. So we're exploring new ways to help people stay informed about timely, breaking news that matters to them, while making sure the news they see on Facebook is from trustworthy and quality sources."

Access RDI's Facebook, Inc. Research Report at:
https://www.rdinvesting.com/report/?ticker=FB

Our Actionable Research on Twitter, Inc. (NYSE: TWTR) and Facebook, Inc. (NASDAQ: FB) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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SOURCE: RDInvesting.com