UPDATE: SunTrust Robinson Humphrey Reiterates Neutral Rating, Raises PT on Twitter Following First Public Quarter Report

In a report published Thursday, SunTrust Robinson Humphrey analyst Robert S. Peck reiterated a Neutral rating on

, and raised the price target from $50.00 to $60.00. In the report, SunTrust Robinson Humphrey noted, “Twitter reported its first public quarter last night that beat expectations across the board and set guidance inline with our views. Revenues of $243m beat consensus by ~$20m and EBITDA of $45m beat our est. of $32m. The midpoint of 2014 FY guidance of ~$1.17b in revenues and $165m of EBITDA were inline with expectations and show growth of ~76% and ~120%.” Twitter closed on Wednesday at $65.97.