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Sergey Savastiouk's Avatar
published in Blogs
Apr 04, 2019
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Twitter (TWTR, $34.32) price target hiked to $41 by Guggenheim analyst

Guggenheim analyst Michael Morris bumped up his price target on Twitter shares. He re-iterated his “buy” rating on the social networking company’s stock.

Morris raised his price target on Twitter to $41 from $33, citing improved user engagement on the platform - something that he attributes to positive changes in management. Additionally, he views the presidential election cycle as a potential tailwind for the company to garner user engagement and advertising revenue.

The analyst also raised his rating on Facebook stock to "buy" from "neutral", and increased his price target to $200 from $17 on the same. According to him, Facebook investors will “continue to gain comfort” with the additional financial risk springing from content and privacy concerns.

 

 

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