Citron’s Endorsement Takes Twitter’s Stock a Notch Higher

The shares of Twitter Inc over the past five weeks have risen consistently and that was after it received an endorsement from Citron Research. There is yet again a renewed speculation that Twitter is being targeted by other companies interested in acquiring it.

A person familiar with the most recent developments opined, “The research firm in a tweet called 2018 the year for Twitter, put a target price of $35 on the stock and speculated that Chinese social-media giant Tencent Holdings Ltd would buy the San Francisco-based company.” Inc is one of the companies that are being seen as the possible buyers of the social media guru. BTIG analyst Richard Greenfield made a statement outlining that the social media company was at the early onset of rather meaningful turn around in line with revenue collection. He said that it would come to him as a major shocker to see anyone moving ahead to make the purchase before it happens.

It was during the third-quarter back in October that the company reported quite attractive results .After about three days, the company announced that Anthony Noto who was its Chief Operating Officer had left to go work for Social Finance Inc where he was to take up the role of chief executive officer. It was a matter that impacted the company negatively since its shares declined by about 5 percent.

Still in October 2016, CEO Marc Benioff asserted that he was not going to consider the purchase of Twitter in consideration of the fact that it did not mesh properly with his company that dealt with the development of business software.

A number of news reporters reached out to Salesforce and Twitter and they sought to get the two to comment in relation to the matter. It was in vain since they declined to open up.

However, the one notable thing is the fact that the company has been making positive strides in the current times and that is being attributed to the talks that came to the limelight in 2016.

Greenfield disclosed that advertiser spending trends and advertiser spending trends were on an upward trend and that the company was doing all within its means to combat harassment and abuse on its diverse platform.