Analysts Tweet Overweight Ratings for Twitter Amid GoPro IPO - Alphabet (NASDAQ:GOOG)

Shares of

TwitterTWTR

gain more than 4.5 percent on positive analyst reports and news surrounding the GoPro initial public offering.

#Overweight Ratings

In Barclay's

Thursday morning summary, analysts initiated coverage on big players in the internet sector. Listing key drivers, including buying power, scale, and monetization outside the U.S., the firm initiated coverage on Twitter with an Overweight rating and $46.00 price target. The analysts highlighted strong advertising sales and commented that "monetization could surprise on the upside." Evercore analysts

are also optimistic on shares of Twitter. The firm reiterated an Overweight rating on the company. Evercore emphasized that easier comp and user growth due to "incremental engagement from the World Cup and the potential for immediate impact to ad monetization from expanded MoPub capabilities."

GoPro IPO Lights up Sector

, Zuliliy

, and Twitter are trending higher. Google

GOOG

has started to trend downwards shortly after Thursday's opening bell. Shares of Twitter are currently trading at $41.09, the stocks highest level since April 29.

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