The bank tech analyst Heath Terry believes that “Twitter continues to build on ‘Information Quality’ efforts” and this will contribute to another 25% increase in value over the next year.
Recently, the company said it would remove more than 70 million suspicious and inactive accounts to ‘improve the health’ of communication on the social media platform. Shares dropped around 5% on the news. However, in his note Heath Terry told clients that Twitter’s ‘new features and information quality initiatives’ will only drive user engagement.
The social media company is set to report its earnings on Friday 27 July.