Twitter TWTR shares shot up Tuesday after the closing bell following significantly better-than-expected results. In response to Twitter's solid performance a number of analysts issued notes Wednesday detailing their outlook for the future of the company.
Bank of America - Buy, $60
"Second quarter results and commentary suggest: Twitter may have a much bigger O&O user reach than understood by street... We think growing app download activity could drive four quarters of upside results."
SunTrust - Buy, $58
"We remain positive on the growth outlook for one of the few platforms of the Internet."
Top points from the SunTrust note included: fourth straight quarter of top-line growth acceleration, best MAU net ads in five quarters and improved data revenue shows traction in data/ad suite.
Wunderlich - Hold, $45
"We had been positive on the monetization and engagement, but user growth surprised with 271M monthly active users."
"We are maintaining our Hold rating but raising our estimates and price target."
Shares of Twitter recently traded at $46.85, up 21.4 percent.
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