Shares of Twitter Inc. (NYSE:TWTR) have received a $45 price target from Wedbush. And Wedbush's Twitter analyst Ygal Arounian gave the company a "neutral" rating.
Aronian has a different look than the firm's Tesla analyst Dan Ives, who believes Elon Musk will eventually own Twitter following an aggressively hostile takeover of the company. And Aronian believes the deal doesn't happen at this stage and that Twitter's board will not look at the proposal, or that Musk will lead change at the company, as is in the best interest of the company or shareholders. Plus Aronian noted that Twitter's board will also be looking around for other suitors and while it's hard to think of many in the public markets (especially those that will undergo regulatory scrutiny), other private players may be interested and competitive. can offer.
However, Aronian could also see Musk as accepting and making a higher offer. And with recent efforts to increase product velocity and revenue generation around and around a new CEO on board, Twitter sees the upside in driving the board course.