Should You Buy Twitter Ahead of Q2 Earnings?
Social media companies have had a strong 12 months, in light of the stay-at-home economy driving more activity and engagement on their platforms. But times are changing and life is slowly returning to normal, so it's possible the strongest days are now temporarily behind some of these tech powerhouses. Twitter (NYSE: TWTR) offered incredibly bullish guidance at the beginning of 2021, indicating plans to nearly double 2020's yearly revenue by the end of 2023 -- but its Q1 results sent the stock tumbling a short time later.
With that in mind, investors might be cautious heading into the Q2 result on July 22. With economic reopenings sending consumers back out into the physical economy, it seems ambitious to expect Twitter will revive the sluggish growth in some key metrics.
Image source: Getty Images
Source Fool.com
