JMP Securities Initiates Twitter At Market Outperform

Analysts JMP Securities initiated coverage on Twitter

with a Market Outperform rating. The target price for Twitter is set to $49. Twitter shares have dropped 34.46% over the past 52 weeks, while the S&P 500 index has surged 12.08% in the same period. Twitter's shares rose 1.40% to $37.62 in pre-market trading.