Twitter (TWTR): Raising PT Despite Mixed Quarter - Cowen

Cowen analyst, John Blackledge, reiterated his Underperform rating on shares of Twitter, Inc. (NYSE: TWTR) but raised his price target to $14 after the company posted better 2Q financial results as rev/EBITDA topped est's., but user metrics mixed as flat MAU net adds (-2MM in the US) were less than expected, but DAUs grew 12% y/y.

The analyst stated "we raised '17-'22 est's to account for the topline beat and generally a better expected margin profile". The PT goes to $14 from $12.

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 $16.84 yesterday.

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