Twitter Price Target Hiked Based On Improved Outlook

By | February 9, 2015

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Expecting a pickup in monthly average user growth and increased user engagement, FBN Securities analyst Shebly Seyrafi raised his price target on Twitter (TWTR) to 65 from 60 and maintained an outperform rating. The price target upgrade follows the fourth-quarter earnings report of Twitter late Thursday that topped estimates. Twitter stock rose 16% Friday. During Monday afternoon trading, Twitter stock was down 1%, near 47.50, on the stock market Scalper1 News

Scalper1 News