Twitter price target lowered to $38 from $48 at Susquehanna Susquehanna lowered its price target on Twitter following Q1 results citing slowing user growth. The firm believes the user base will have to grow in order for the company to increase its share of ad budgets. Shares remain Neutral rated.
Twitter says user base to shift towards Android, managing products accordingly Says currently, user base equally split between iPhone and Android. Expects Android to become dominant amid global expansion.
Twitter says plans to accelerate pace and breadth of product change Says adding significant functionality to private messaging and will roll out this quarter. Says goal is to build world's largest daily audience. Comments from analyst day presentation.