Why Twitter, Akamai Technologies, and Boyd Gaming Jumped Today
The stock market continued its run upward on Monday, responding favorably to positive comments over the weekend that suggested that the Republican tax plan is likely to get through Congress and become law before the end of the week. The Nasdaq Composite climbed above the 7,000 level for the first time ever, and the Dow and S&P 500 responded with gains of more than half a percent as well. Some individual companies' shares did far better than that, and Twitter (NYSE: TWTR), Akamai Technologies (NASDAQ: AKAM), and Boyd Gaming (NYSE: BYD) were among the best performers on the day. Below, we'll look more closely at these stocks to tell you why they did so well.
Shares of Twitter jumped 11%, following up on a stellar performance over the past several months as investors reacted favorably to an upgrade from analysts at JPMorgan. The Wall Street giant boosted its rating on the social-media giant from neutral to overweight, and pushed its price target higher by 35% to $27 per share. Analysts pointed to improving video and live-stream content, as well as recent changes to the service's timeline and notifications. JPMorgan expects daily active users to climb 10% in 2018, helping to push Twitter to a profit, and investors are excited about the idea that Twitter could finally be starting to take off.
Image source: Twitter.
Source: Fool.com
Akamai Tech. Stock
The stock is one of the favorites of our community with 21 Buy predictions and 3 Sell predictions.
With a target price of 110 € there is a positive potential of 21.13% for Akamai Tech. compared to the current price of 90.81 €.
