Twitter Gets 3rd Bullish Vote of Confidence This Week

Twitter (NYSE: TWTR) received not one but two votes of confidence from Wall Street on Monday. JPMorgan first upgraded Twitter shares from neutral to outperform, with analyst Doug Anmuth citing encouraging trends with engagement and daily active user (DAU) growth that could pave the way for ad revenue jumping 9% in 2018. Later that day, Summit Redstone initiated coverage with a buy rating and $26 price target, with analyst Jonathan Kees arguing that the "now is the time to jump in" based on those same engagement and DAU trends.

The microblogging service is getting its third bullish note this week, this time from Argus.

Image source: Twitter. Image copyright Atsushi Nakamichi for Twitter, Inc.

Source: Fool.com