JPMorgan: Twitter will be in a more favorable position next year, lowering its target price to $70

$Twitter (Delisted)(TWTR.US)$ JP Morgan Chase analyst Doug Anmuth lowered the target price of Twitter (TWTR.US) from US$86 to US$70 and maintained an “overweight” rating. The analyst believes that with the increase in economic digitization, this Internet group will be in a more favorable position in 2022 than before the outbreak.

In addition, Anmuth predicts that "the performance of individual stocks will be more diversified," and the operation of specific companies will become a key factor in the normalized post-epidemic era. By 2022, JPMorgan Chase generally prefers e-commerce and subscription revenue to online advertising.

Article excerpted from the US Stock Research Agency