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UPDATE: Sterne Agee Upgrades Twitter

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Shares of Twitter (NYSE: TWTR) are giving back a portion of Tuesday's 12 percent gains, down 1.8 percent to $44.67, in the face of an upgrade from Sterne Agee.

Analyst Arvind Bhatia raised the rating from Underperform to Neutral and maintained the $43 price target.

The prior Underperform rating was based on three key factors:

  • Slowing user growth.
  • Declining user engagement.
  • Premium valuation.

Now, Bhatia sees “potential for user growth and engagement to improve in the near to medium term.” The analyst added “ad engagement and monetization remain healthy.”

Latest Ratings for TWTR

DateFirmActionFromTo
May 2015Stifel NicolausUpgradesSellHold
Apr 2015AxiomDowngradesBuyHold
Apr 2015Janney CapitalDowngradesBuyNeutral

View More Analyst Ratings for TWTR
View the Latest Analyst Ratings

Posted-In: Arvind Bhatia Sterne AgeeAnalyst Color Upgrades Price Target Analyst Ratings

 

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