Twitter (TWTR) Sees Rare Strong Upside Day

Don't look now, but Twitter, Inc. (NYSE: TWTR) is having one of its best days since its IPO debut. Shares are up 4% today to $43.01, which is on top of Tuesday's 1.4% move higher.

The upside could come as a delayed reaction to positive analyst coverage launched earlier this week by underwrites. While overall the underwriters were mixed, two tier-one firm's (Goldman Sachs and Deutsche Bank) launched coverage with 'Buy' ratings. Goldman Sachs initiated coverage with a Buy rating and $46 price target, saying they see substantial long-term value in Twitter's potential to become the leading platform for real time mass communication. Detusche Bank rated shares a Buy and sees the stock worth $50 as they said it is arguably the best 'mobile play' with 76% of traffic and 70% of ad revs from mobile.

Also adding to recent upside in Twitter the past few sessions is Apple's (NASDAQ: AAPL) play to acquire Twitter analytic firm Topsy.

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