With this court case on the horizon, there are some with strong opinions regarding what this means from a financial perspective—including Rosenblatt Securities tech analyst Barton Crockett.

Based on Crockett’s current actions, it’s safe to assume that he’s giving the green light to buy Twitter stock. After moving his price stock from $33 to $52, and changing his rating from Neutral to Buy, he showed everyone where he stood on the matter.

With all of the chaos surrounding Twitter and Elon Musk, many have started to lose faith in Twitter stock—but Crockett is actually a lot more on the optimistic side of things.

He also had this to say on the topic: “We reviewed new, more detailed disclosures in Twitter’s lawsuit against Elon Musk, and our former skepticism about Twitter has been flipped.”

He went on to say that although he and his team had originally seen “meaningful risk” around Twitter, newfound skepticism over Musk’s claims has led him to change his mind on the topic. Ultimately, Crockett believes that Twitter will look better than Musk coming out of this case.

The post Tech Analyst Recommends Sticking With Twitter appeared first on theprimarymarket.com.

With this court case on the horizon, there are some with strong opinions regarding what this means from a financial perspective—including Rosenblatt Securities tech analyst Barton Crockett.

Based on Crockett’s current actions, it’s safe to assume that he’s giving the green light to buy Twitter stock. After moving his price stock from $33 to $52, and changing his rating from Neutral to Buy, he showed everyone where he stood on the matter.

With all of the chaos surrounding Twitter and Elon Musk, many have started to lose faith in Twitter stock—but Crockett is actually a lot more on the optimistic side of things.

He also had this to say on the topic: “We reviewed new, more detailed disclosures in Twitter’s lawsuit against Elon Musk, and our former skepticism about Twitter has been flipped.”

He went on to say that although he and his team had originally seen “meaningful risk” around Twitter, newfound skepticism over Musk’s claims has led him to change his mind on the topic. Ultimately, Crockett believes that Twitter will look better than Musk coming out of this case.

The post Tech Analyst Recommends Sticking With Twitter appeared first on theprimarymarket.com.