Market Overview

Goldman Sachs On Why It May Be A Good Time To Build Long-Term Positions In Twitter


Earlier on Friday, Goldman Sachs analyst, Heath Terry reiterated a Buy rating and $52 price target on Twitter (NYSE: TWTR).

Terry says it is likely Twitter will benefit from product innovation and the recent changes of leadership. Additionally, he believes the focus on monthly-average-users underestimates the value of the company's reach. Instead he suggest looking to advertiser adoption, as it better reflects both the value of the platform and user engagement.

Looking ahead, Terry says the recent volatility in the share price presents a good opportunity to increase long-term positions in the company.

Twitter's shares rose just over two percent to $38.67, following the release of the note.

Latest Ratings for TWTR

Jul 2019MaintainsNeutral
Jul 2019Initiates Coverage OnNeutral
Jun 2019Initiates Coverage OnBuy

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Posted-In: Goldman Sachs Heath TerryAnalyst Color Reiteration Analyst Ratings


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Latest Ratings

ALDRCanaccord GenuityDowngrades20.0
LEGHLake StreetInitiates Coverage On21.0
CHUGoldman SachsUpgrades13.2
STZBMO CapitalMaintains230.0
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