Investors should buy Twitter shares as the company will top expectations when it reports third-quarter financial results, according to Deutsche Bank, which reiterated its buy rating on the social networking service.
"Amidst intense volatility around whether TWTR is acquired or not, we shift back to what we can track, ie — the fundamentals. Our checks point to a 'high end of the range' revenue print from TWTR," analyst Ross Sandler wrote in a note to clients Monday.
"We think 4Q guidance could meet/exceed consensus for the first time in a year."
Twitter is scheduled to report third-quarter earnings on Oct. 27 after the market close.
Sandler's picks have a 11.7 percent one-year average return with a 69 percent success rate, according to analyst ranking service TipRanks, placing him in the top 2 percent of all Wall Street analysts covering any industry.
