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Twitter +2.9% as BTIG sees takeout coming, raises target

Published 01/12/2018, 09:23 AM
© Reuters.  Twitter +2.9% as BTIG sees takeout coming, raises target
TWTR
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  • Twitter (NYSE:TWTR) is up 2.9% premarket with BTIG eyeing it as a takeout target, saying it's "too valuable to remain independent."
  • Analyst Richard Greenfield has boosted his price target to $30 from $25, matching a Street high, and says the company's in the "early stages of a multi-year turnaround."
  • The company could grow revenue in the mid-high teens in 2018 and EBITDA could grow over 20% vs. competing single-digit estimates. (h/t Bloomberg)
  • Shares have risen 42% over the past 12 months, and hit a 52-week high on Dec. 21.
  • Now read: Twitter Wants To Fly, Should You Chase It?


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