Twitter (TWTR) PT Lifted to $65 at Evercore Partners

Evercore Partners analyst Ken Sena boosted his price target on Buy-rated Twitter, Inc. (NYSE: TWTR) to $65.00 (from $55.00) on higher conviction in Twitter's ability to deliver marketer ROI, innovate on its ad formats, and improve targeting third-party platform buying and selling capabilities (via integration with MoPub).

"While we are not increasing estimates, our 2015 and 2016 revenue and margin estimates remain over 30% above the Street, leading us to see further room for multiple expansion," Sena said. "Our new target implies 9x our 2016 revenue estimate, or 50x 2016 Adj. EPS, in-line with l/t growth expectations."

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 $55.29 yesterday.

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