Twitter’s stock rose by 4.5% in premarket trading on Monday after Deutsche Bank upgraded the rating of the social media company, according to MarketWatch. Deutsche Bank anticipates improving growth in Q2 and a “compelling bull case” for 2021.
- Deutsche Bank raised Twitter’s rating from hold to buy and boosted the stock price target from $36 to $56
- Twitter well-positioned to benefit from a big event landscape in 2021, expansion into advertising on the back of the entity’s ad server rebuild, and new mobile app promotion product-Lloyd Walmsley, Deutsche Bank analyst.
- Twitter’s stock on track to open at the highest price witnessed in a regular-session hour since April 2015
Twitter stock gaining on rating’s boost. TWTR: NYSE is up on premarket 4.40%.