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2 Wall Street Banks Comment On Twitter

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Twitter (NYSE: TWTR) shares have received a bump in Thursday's pre-market session following comments from analysts at Barclays and Evercore.

At last check, the company's shares were trading at $40.01 a increase of 1.39 percent from Wednesday's close.

Barclays: Overweight, $46 PT
Analysts at Barclays initiated coverage on Twitter with an Overweight rating, stating that they believe "monetization could surprise on the upside."

Evercore: Overweight, $48 PT
The team at Evercore reiterated an Overweight rating on Twitter citing easier comp growth, help to user growth due to incremental engagement from the World Cup and the potential for immediate impact to ad monetization from expanded MoPub capabilities.

Latest Ratings for TWTR

DateFirmActionFromTo
May 2016MoffettNathansonDowngradesNeutralSell
May 2016MoffettnathansonDonwgradesNeutralSell
May 2016MKM PartnersMaintainsNeutral

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Posted-In: Barclays EvercoreAnalyst Color News Price Target Initiation Reiteration Analyst Ratings

 

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