The stock rose more than tenth in early trading Tuesday after beating earnings and topping sales estimates for its first quarter. That move conjointly pushed Twitter out of bear market territory, currently less than twentieth off its 52-week high.
Matt Maley, equity strategist at Miller Tabak, aforementioned that Twitter still seems like the social stock with the most upside even with Tuesday’s surge.
“Even although Snap and Facebook have seen a series of nice higher highs and higher lows, they’re obtaining much extended and much overbought,” Maley said.
Facebook has added nearly fortieth this year, whereas Snap has rocketed 117% higher, compared with Twitter’s thirty five gains.