Jefferies US Internet Team reiterated a Buy rating and $60 price target on Twitter, Inc. (NYSE: TWTR) amid news CEO Dick Costolo is stepping down.

They commented, "In a move likely driven by shareholder consensus, CEO Dick Costolo is stepping down effective July 1st. Shareholders have become frustrated amid decelerating growth in MAUs and recent monetization issues. In the interim, Co-Founder and Chairman of the Board (and current CEO of Square) Jack Dorsey will serve as CEO as the co. searches for Costolo's replacement. We believe user growth and product improvements, not monetization, should be the new CEO's ST focus."

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 $35.84 yesterday.

Analyst Comments

Twitter (TWTR) Continues to Flounder Following CEO NewsJune 15, 2015 9:59 AM SunTrust's Peck Weighed in on Twitter (TWTR) Following Costolo ResignationJune 12, 2015 7:15 AM Twitter (TWTR) M&A 'Slightly More Possible' - Deutsche BankJune 12, 2015 7:13 AM Resignation of Twitter (TWTR) CEO Costolo Not Surprising Given Growth, Engagement Challenges - CowenJune 12, 2015 6:49 AM Twitter (TWTR) Costolo Resignation Not a Surprise, Sterne Agee CRT SaysJune 12, 2015 6:36 AM Brean Capital Maintains Buy on Twitter (TWTR) as CEO Replaced; Reaffirmed Guidance Should Calm FearsJune 12, 2015 6:27 AM Twitter (TWTR) Says Focus is to Remain IndependentJune 11, 2015 5:29 PM Market Wrap: Twitter CEO Costolo Resigns; U.S. Retail Sales Rose in May; Hess Inks Major Midstream DealJune 11, 2015 5:23 PM UPDATE: Twitter (TWTR) CEO Dick Costolo to step downJune 11, 2015 4:08 PM Form 8-K TWITTER, INC. For: Jun 11June 11, 2015 4:07 PM