WE'RE HOLDING ONTO HOPE: Here's what 13 Twitter analysts are saying about the Q3 flop and stock crash

While earnings may have topped expectations, the pace of growth in active users was lackluster.

Monthly active users (MAUs) climbed to 320 million from 316 million last quarter. This was well short of the 324 million expected by analysts.

At $27.75, shares are down 11% from where they closed on Tuesday.

We thumbed through 13 research notes from Twitter analysts who reacted to the news. For the most part, they think investors should sit on the sidelines until there's some more visibility.

But at least five analysts are more optimistic and argue that now's a great time to be buying.

"We are holding onto our hope trade," wrote Pacific Crest's Evan Wilson and Tyler Parker. They have a $36 target on the stock.

"We believe the hiring of Jack Dorsey was the first step toward an improved product and repaired franchise," Stifel's Scott Devitt said. "As a founder, Jack has the freedom and vested interest to fix the product problem at this company... Twitter faces declining expectations and easing comps as it approaches 2016, which should be a perfect backdrop for a product-focused founder to look like a savior."

Hope? Savior?

Meanwhile, just one of these 13 analysts was outright bearish on the stock.