Why Twitter, Inc. Stock Jumped Monday

Shares of social network Twitter (NYSE: TWTR) jumped as much as 11.3% on Monday (and is still up over 11% as of market close). The stock's rise follows two bullish notes from analysts.

J.P. Morgan analyst Doug Anmuth raised his price target for the stock from $20 to $27, calling it one of the firm's "top small and mid-cap ideas in 2018," according to Tech Trader Daily. In a similarly bullish note, Summit Redstone analyst Jonathan Kees initiated coverage of Twitter stock with a buy rating and a $26 price target.

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Source: Fool.com