Jefferies Starts Twitter, Inc. (TWTR) at Buy

Jefferies initiates coverage on Twitter, Inc. (NYSE: TWTR) with a Buy rating and a price target of $65.00.

Jefferies US Internet Team said, "We are initiating coverage with a Buy and $65 PT. We believe TWTR is a leader in the crowded social media space and is particularly well-positioned to benefit from online video ad & mobile tailwinds. Continued product improvements including more integrated video and the recent Periscope launch should help increase engagement. By '17, online video ads could be a $17B+ /yr oppt'y in the US and TWTR is well-positioned to capture a meaningful piece of that spend."

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 $50.08 yesterday.

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