Argus Starts Twitter, Inc. (TWTR) at Buy

(Updated - December 22, 2014 8:14 AM EST)

Argus initiated coverage on Twitter, Inc. (NYSE: TWTR) with a Buy rating and a price target of $44.00.

The firm said with shares near a 52-week low they do not reflect underlying positive fundamentals, which include continued growth in users and more rapid monetization of user growth from advertising dollars.

Argus also sees Twitter as having a deep competitive moat based on its tight focus on concise messaging, ideal message-size for the smartphone screen, and adoption by celebrity culture.

For an analyst ratings summary and ratings history on Twitter, Inc. click here. For more ratings news on Twitter, Inc. click here.

Shares of Twitter, Inc. closed at $37.08 yesterday.

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