Twitter Mobile Growth Paves Way For Stock Upgrade

By | October 2, 2014

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Micro-blogging network Twitter (TWTR) is gaining in mobile ads and could see its user base more than double to 600 million by 2018, a JPMorgan analyst said Thursday in upgrading Twitter stock to overweight from neutral and boosting the Internet company’s price target to 64 from 54. Twitter stock rose 3.6% in the stock market today , to 51.85. Twitter stock is up 75% since early May but still down 18% in 2014. “Twitter is a primary beneficiary of Scalper1 News

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