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Analyst raises its Twitter target to 19% upside

Published 06/05/2018, 08:14 AM
© Reuters.  Analyst raises its Twitter target to 19% upside
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  • Cascend Securities raises its Twitter (NYSE:TWTR) price target from $40 to $45, a 19% upside to yesterday’s close.
  • Firm says it has direct measurements of new Twitter app downloads that show organic growth in user demand through May.
  • Cascend thinks Twitter sees itself as a sophisticated video/content delivery platform and that simplifies and enhances user engagement and ad sales.
  • The firm expects the new strategy to increase daily users and ARPU above trend.
  • Source: Briefing.com.
  • Twitter shares are up 4.4% premarket to $39.54 still gaining on the news that Twitter will replace Monsanto (NYSE:MON) in S&P 500.
  • Previously: With Monsanto deal near, Netflix (NASDAQ:NFLX) to S&P 100; Twitter to S&P 500 (updated) (June 4)
  • Now read: Tesla (NASDAQ:TSLA) Shareholders Will Vote On Critical Executive Decisions (Wall Street Breakfast Podcast)


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