Market Overview

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

Share:

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

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

View More Analyst Ratings for TWTR
View the Latest Analyst Ratings

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

 

Related Articles (TWTR)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
MUCascendReiterates65.0
ALDRCanaccord GenuityDowngrades20.0
LEGHLake StreetInitiates Coverage On21.0
CHUGoldman SachsUpgrades13.2
STZBMO CapitalMaintains230.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Street Is All Ears On Yahoo Plan For Alibaba Windfall

5 Companies That Should Invest In Normal's Custom-Fit Earphones