Cantor Fitzgerald Upgrades Twitter, Inc. (TWTR) to Buy
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Nomura Securities Upgrades Twitter, Inc. (TWTR); 5 Reasons to Buy
May 28, 2014 6:40 AM EDTNomura Securities upgraded Twitter, Inc. (NYSE: TWTR) from Neutral to Buy with a price target of $43 saying the stock price is now implying slower user growth. However, they are raising estimates on revenue per user, incremental margins.
Anthony DiClemente said, "We believe that the market has now priced in the expectation that Twitter remains a niche social media product. We believe risk / reward is much more favorable now, given the possibility that product enhancements rejuvenate user growth; we think ARPU will beat estimates given strength in ad demand, and we believe that... More
