UPDATE: KeyBanc Upgrades Twitter, Inc. (TWTR) to Overweight

KeyBanc analyst Justin Patterson upgraded Twitter, Inc. (NYSE: TWTR) from Sector Weight to Overweight with a price target of $65.00.

The analyst comments "We are upgrading Twitter from Sector Weight to Overweight and establishing a $65 price target. Our view is that execution is improving, and the combination of a cyclical ad recovery and new products creates potential for revenue to outpace our above-consensus revenue estimates in 2021 and 2022. We see sustainable 20%+ annual revenue growth from the core business, with monetization of Revenue (estimated $36B TAM) and other new services creating significant option value."

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 $48.19 yesterday.

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