Nanigans Bullish on Twitter (TWTR), Goldman Sachs Lunch Reveals

Twitter, Inc. (NYSE: TWTR) shares are modestly higher Wednesday following positive comments from Goldman Sachs analysts, including Heather Bellini and Heath Terry, following a lunch with Ric Calvillo, CEO & co-founder of privately-held Nanigans.

Mr. Calvillo called out that video is performing well on Facebook (NASDAQ: FB) and highlighted that it’s the best performing ad product on Twitter.

In general, Mr. Calvillo noted that there is a widespread negative view on Twitter right now but Nanigans is bullish on its growth.

Mr. Calvillo sees Twitter as moving quickly to improve its ad products and expects some key announcements near term.

The firm has a Buy rating and price target of $40 on TWTR.

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 $16.19 yesterday.

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