Twitter (TWTR) PT Raised to $58 at Cantor Fitzgerald

Cantor Fitzgerald maintained a Buy rating on Twitter, Inc. (NYSE: TWTR) and raised its price target to $58.00 (from $40.00).

Analyst Youssef Squali said, "Twitter reported very strong 2Q:14 results with both top and bottom lines comfortably exceeding consensus estimates. What's more important is that the drivers for this growth seem sustainable, implying faster-than-expected growth and margin over time. While monetization was the key revenue driver, MAUs were better than feared, helped by products and platform enhancements. We're maintaining our BUY rating and raising our PT to $58, from $40 previously. Stronger results amidst a negative sentiment should propel the stock higher."

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 $38.59 yesterday.

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