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Jan 30, 2021
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Twitter (TWTR, $50.52) shares rating upgraded by KeyBanc

Twitter (TWTR, $50.52) shares rating upgraded by KeyBanc

Twitter  got  a rating upgrade from analysts at KeyBanc, on expected  long-term revenue growth.

Analysts at KeyBanc boosted their rating on the microblogging company’s shares to overweight (from sector weight), saying they expected long-term revenue growth to be driven by the platform’s improvement in  the experience for advertisers and users.

"Our view is that execution is improving, and the combination of a cyclical ad recovery and new products creates potential for revenue to outpace our above-consensus revenue estimates in 2021 and 2022," KeyBanc analysts wrote in a research note.

KeyBank forecasts more than +20% annual growth in Twitter revenue. The analysts affirmed a price target of $65 on Twitter's shares.

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