Goldman Sachs Maintains Bullish View on Twitter (TWTR) Post Q3; PT Trimmed to $60

Goldman Sachs analyst Heath Terry trimmed his price target on Twitter, Inc. (NYSE: TWTR) to $60.00 (from $63.00) following Q3 results but maintained a Buy rating.

"We continue to believe we are in the early stages of a very long growth cycle for Twitter as it leverages cultural ubiquity and invests in product and technology to grow the platform," Terry said. "With TWTR trading at 46X 2015E EV/EBITDA, a 3.1X premium to the sector reflecting 3.4X sector EBITDA growth, we remain Buy rated."

The firm revises 2014-2016 revenue and adjusted EBITDA estimates by -2% and +8% on average to reflect slightly slower MAU growth but greater than expected operating expense leverage.

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 $48.56 yesterday.

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