TWTR Stock Ratings: “Buy” from Goldman Sachs
TWTR Stock Price Target: $46
% Upside for TWTR Stock: 12%
Another “buy” rating on Twitter stock came courtesy of Goldman Sachs.
“We believe there is substantial long-term value in Twitter’s potential to become the leading platform for real time mass communication,” Goldman Sachs analyst Heath Terry said about TWTR.
“As Twitter grows users, engagement, and monetization through product enhancements, geographic expansion, and advertiser adoption, we see opportunity for growth acceleration and positive estimate revisions. While its growth trajectory is unlikely to be linear, we believe these revisions will, over time, justify considerable upside,” he added.