UPDATE: Aegis Capital Double Upgrades Twitter, Inc. (TWTR) to Buy

(Updated - January 16, 2018 8:56 AM EST)

Aegis Capital upgraded Twitter, Inc. (NYSE: TWTR) from Sell to Buy with a price target of $30.00 (from $13.00).

Analyst Victor Anthony is expecting the equity to rise another 17% in 2018 and comments that his upgrade is focused on the following seven points:

1. 2018 will be an inflection point in O&O advertising growth and 2019 should return to double-digit growth;
2. stable, improving MAU growth and sustained double-digit growth in DAUs;
3. year-over-year margin expansion;
4. GAAP profitability and the potential for S&P 500 inclusion;
5. an improvement in employee morale;
6. potential for acquisition now that the business model has improved; and
7. Facebook’s (FB-$179.37:Buy) decision to emphasize user generated content in the News Feed over public content from businesses, brands, and media could make Twitter a more valuable media resource for video and news content, further increasing its acquisition appeal.

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 $25.41 Friday.

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