Twitter (TWTR) Buy Rating Reiterated at Goldman Sachs

Goldman Sachs reiterated a Buy rating on Twitter, Inc. (NYSE: TWTR) with a price target of $52. Analyst Heath P. Terry sees continued accelerated pace of innovation for users and advertisers.

"Since 4Q13 we have seen continued elevated levels of product innovation at Twitter, with more than 3x the number of enhancements designed to drive user growth, engagement, and incremental monetization than in any other quarter prior to 4Q13. We believe this continued elevated level of product innovation, coupled with recent changes in product and engineering leadership, will ultimately impact Twitter’s ability to grow and engage its user base," said Terry.

"We continue to believe the value of Twitter’s platform, user engagement, and reach is better reflected in advertiser adoption than in its share price. We expect that will resolve as the company continues to deliver financially. Therefore, we remain Buy rated," he added.

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 $37.84 yesterday.

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