Pivotal Research Upgrades Twitter, Inc. (TWTR) to Hold

Pivotal Research upgraded Twitter, Inc. (NYSE: TWTR) from Sell to Hold with a price target of $42.00 (from $38.00).

Analyst Brian Wieser said, "Valuing Twitter is subjective given the company’s early stage of development. A view on its fair value depends on long-term expectations and the appropriate metrics which drive potential. As the company has continually acted on a solid strategic view and capable execution of revenue generation, our confidence in Twitter’s long-term potential has been enhanced over the past year, with our price target rising from $30 to $38 since the IPO. On review of 3Q14 results and the roll-over of our price target to a year-end 2015 basis, we now value Twitter at $42 per share. This is within a 15% range of current levels (as indicated in the after-market following yesterday’s earnings) allowing us to once again rate Twitter Hold."

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 $48.56 yesterday.

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