Twitter, Inc. (TWTR) PT Raised to $58 at Baird Ahead of Catalysts

Baird analyst, Colin Sebastian, raised the price target on Twitter, Inc. (NYSE: TWTR) to $58.00 (from $39.00) ahead of ahead to potential positive catalysts, including the February analyst day where the company will likely revise growth/margin targets, the rollout of MAP 2.0 + other DR formats, enhanced SMB capabilities, an improving live event calendar (including the Olympics), and the potential for new partnerships such as SNAP or FB which are likely to drive user engagement.

The analyst maintained an Outperform rating stating "We are now contemplating a higher likelihood of the Olympics taking place next summer, which could provide a meaningful boost in terms of usage and monetization. We now embed in our Q2/Q3 estimates additional revenues coinciding with the games."

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