Release

Today’s Research Reports on Stocks to Watch: Twitter and Snap

Many have taken to Twitter this week to tweet about the allegations that have surfaced this week over Harvey Weinstein, a notable studio executive in Hollywood. He has been accused of sexual harassment and even rape by Rose McGowan on the social media site. Shares of Snap continued to gain on Thursday for a second day, seeing gains the stock hasn’t seen since its IPO back in March.

RDI Initiates Coverage on:

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

Snap Inc.
https://rdinvesting.com/news/?ticker=SNAP

Twitter, Inc. shares closed up 4.06% yesterday with nearly 31 million shares traded. It’s been an interesting week for Twitter in regards to the Harvey Weinstein story that has surfaced about him sexually harassing women in Hollywood. According to CNBC’s Julia Boorstin, there has been call for a boycott of Twitter after actress Rose McGowan was temporarily suspended from the site. She had recently been tweeting about the shocking allegations about Weinstein and had called out Ben Affleck as well for knowing all about it. McGowan was able to tweet again on Thursday and wrote a simple tweet that read, "HW raped me." It was last year that McGowan had said a studio head had raped her. A representative for Weinstein said that "Any allegations of non-consensual sex are unequivocally denied by Mr. Weinstein."

Access RDI’s Twitter, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=TWTR

Snap Inc. shares closed up 3.57% on Thursday with around 63 million shares traded. It was another day of gains for the stock after it broke out on Wednesday and saw its highest levels since its IPO debut this past spring. These last two days have been the biggest two days of gains since its market debut in March. So why the big gains this week? It was on Wednesday that Swiss bank Credit Suisse analyst Stephen Ju raised his price target on the stock from $17 to $20. Piper Jaffray also put out a bullish note on the stock on Wednesday with a price target of $12.50. The company revealed yesterday that it will discuss third quarter 2017 financial results on Tuesday, November 7, 2017 at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time).

Access RDI’s Snap Inc. Research Report at:
https://rdinvesting.com/news/?ticker=SNAP

Our Actionable Research on Twitter, Inc. (NYSE: TWTR) and Snap Inc. (NYSE: SNAP) be downloaded free of charge at Research Driven Investing.

Research Driven Investing

We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.

RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.

Disclaimer: This article is written by an independent contributor of RDInvesting.com and reviewed by Nadia Noorani, CFA® charter holder. 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.

CONTACT

For any questions, inquiries, or comments reach out to us directly at:

Address:

Research Driven Investing, Unit #901 511 Avenue of the Americas, New York, NY, 10011

Email:

[email protected]

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.