Is Twitter (TWTR) overvalued

Is Twitter (TWTR) overvalued? It's not even been one full day of trading and there are already analysts coming out of the woodwork talking about how expensive it is. At a current price of nearly $48 per share (up 83%) and a market cap of $26 billion, the micro-blogging site's value does seem bubble-esque. It really shouldn't come as a surprise though. It's been the most anticipated IPO of the year, in a much better IPO environment than when FB went public. Not to mention, the sky's the limit when talking about TWTR's revenue potential. After all, it's still in its early stages of revenue generation. The company does pull in 70% of its revenue from mobile ads, an important metric given the growth of mobile advertising. Moreover, Twitter could get into the lucrative business of selling data. Stay tuned.