Market Overview

Twitter Shares Trend Higher Amid GoPro IPO

Shares of Twitter (NYSE: TWTR) gained 4.5 percent on positive analyst reports and news surrounding the GoPro (NASDAQ: GPRO) initial public offering.

Overweight Ratings

In Barclays' 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

Amid the GoPro IPO on Thursday, shares of Facebook (NASDAQ: FB), Zulily (NASDAQ: ZU) and Twitter have trended higher.

Shares of Twitter are currently trading at $41.18, the stocks highest level since April 29.

Posted-In: BarclaysAnalyst Color Long Ideas Price Target Initiation Reiteration Analyst Ratings Trading Ideas

 

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