Twitter, Inc. (TWTR) PT Raised to $34 at Cowen Following U.S. Ad Buyer Survey

Cowen analyst John Blackledge raised the price target on Twitter, Inc. (NYSE: TWTR) to $34.00 (from $32.00) while maintaining a Market Perform rating following a U.S. ad buyer survey.

The analyst commented, "Key '20 Ad Buyer Survey conclusions: i) Maintain share of total Digital ad budgets in ’20-’21; ii) TWTR ad spend is not expected to be impacted by privacy issues; & iii) ROI lags other Digital players. Our proprietary consumer survey suggests nice y/y uptick in high frequency users (proxy for DAUs) in 4Q19. We updated our model, PT to $34 from $32. Maintain Market Perform."

You May Also Be Interested In

• Fiserv (FISV) PT Lowered to $60 at Freedom Broker
• Piper Sandler Reiterates Overweight Rating on Estee Lauder (EL), 'F4Q26 Preview'
• Sansera Engineering Ltd (SANSERA:IN) PT Raised to INR4,250 at ICICI Securities