- After a day of retrenching following earnings that featured a softer look-ahead on its conference call, Twitter (NYSE:TWTR) is up 2% premarket alongside an upgrade to Outperform at Macquarie.
- That followed on an upgrade to Buy from UBS, part of four upgrades Twitter's received since posting earnings Wednesday morning (and several more price target hikes).
- Macquarie expects Twitter's cautious guidance to come out conservative amid strong usage and advertising trends. The company's long-term opportunities are solid, it says.
- Raymond James upgraded to Market Perform from Underperform, pointing to ad growth trends and sales execution, international growth and a mix shift to video topping 50%. (h/t Bloomberg)
- JPMorgan (NYSE:JPM) has raised its price target to $39 (implying 31% upside), urging buys on weakness. Cowen bumped its target to $24, Mizuho raised its target to $25, and Jefferies raised its target to $33.
- Earnings call transcript
- Now read: Bulls Vs. Bears: Who's Right About Twitter?
Original article