It’s been a long year for Twitter Inc TWTR 1.73% shareholders, and the stock has started off 2016 by plummeting to new all-time lows. Unfortunately, Global Equities Research’s Trip Chowdhry predicts that the worst is not over for the battered social media giant.

“The capital markets cannot support existing Junk, as they have to make space for some new Total Junk, that is waiting, like SnapChat and Pinterest. The fair value of TWTR is about 1x Revenues, which we think, when all is said and done, TWTR may be a $5 stock,” Chowdhry said in an email to clients.

In addition to Twitter, he names…

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