Brean Capital Reiterates Buy on Twitter (TWTR) Following 'Moments' Launch

Brean Capital reiterated a Buy rating and $47.00 price target on Twitter, Inc. (NYSE: TWTR) following "Moments" launch. Twitter’s Moments is a curated gallery of content organized around events that integrates content from across Twitter's platform into a seamless, intuitive, and engaging experience.

Analyst Sarah Hindlian commented, "Yesterday Twitter launched "Moments", the official name of the much anticipated "Project Lightning," exceeding our expectations handily. In our view, this is the first major product innovation since Twitter's IPO. Twitter’s Moments is a curated gallery of content organized around events that integrates content from across Twitter's platform (e.g. tweets, pictures, videos, Vines, etc.) into a seamless, intuitive, and engaging experience. Moments has something for everyone, from up to the minute sports, news, celebrity gossip, fashion coverage and more, and simplifies how users can view, favorite, and share Twitter content. Moments further defines Twitter as an advertiser friendly media platform for live events. This highly appealing product, when combined with a dedicated media campaign in Q4'15, should help to reinvigorate the user case, though patience will be required as it is rolled out globally. We continue to view the risk-reward in Twitter shares as attractive."

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 $27.62 yesterday.

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