Twitter announced on Wednesday plans to launch a video platform in 2015 in which its 284 million active users could take, edit and share video in real time. The announcement was among a host of messages Twitter management shared at the event in San Francisco, including the first-time disclosure that Twitter attracts 500 million monthly unique visitors who do not log in to the service.
Twitter shares were down 2.6% on Thursday to $41.42. Here's what analysts had to say.
Youssef Squali, Cantor Fitzgerald (Buy, $58 PT)
"Twitter hosted its first Analyst Day yesterday, from which we walked away impressed with both the depth and breadth of what was discussed. While most of it is still on the come, we believe that management has clearly 1) articulated medium- and long-term goals for users and monetization, 2) formulated a more refined product strategy against these goals and 3) showcased a deep bench of managers determined to accelerate the pace and breadth of product change. While it may take a few quarters to show growth acceleration in key metrics of users, engagement and monetization, Twitter, in our view, remains one of the most attractive and differentiated digital media platforms with clear long-term potential."