Twitter (TWTR) Rides Higher on 2 Positive Sell-Side Reports

Twitter (NYSE: TWTR) is seeing sharp upside this morning as the shares react to a couple positive sell-side notes.

First, Barclays initiated coverage on Twitter with an Overweight rating and a price target of $46.00. Second, Evercore sees a strong possibility for 2Q user growth acceleration domestically to 20% (vs. 19% in 1Q) based on easing growth comparisons as well as incremental engagement from the World Cup in June.

Shares are up 2% to $40.25.

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