Cantor Fitzgerald Upgrades Twitter, Inc. (TWTR) to Buy

Cantor Fitzgerald upgraded Twitter, Inc. (NYSE: TWTR) from Hold to Buy with a price target of $40 as expectations reset. This is the second upgrade to Buy in as many days.

Analyst Youssef Squali cited: 1) a recent pullback of 50%+, 2) the massive lock- up expiration of IPO shares, most of which are now in the float; 3) a substantial growth and monetization opportunity, which we think gets minimized in too much comparison to Facebook; and 4) the uniqueness of this social platform.

"While impossible to pinpoint the trough for a stock in free fall, we currently see more upside than downside in TWTR," Squali said.

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 $33.77 yesterday.

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