Twitter gets lift from Goldman

Twitter (TWTR) is ahead 3% premarket as Goldman's Heath Terry boosts his price target on the Buy-rated stock to $65 from $46.

"Over the course of the past quarter we have seen significant acceleration in the pace of Twitter's product innovation," says Terry, "with nearly 4x the number of enhancements designed to drive user growth, engagement, and incremental monetization as in any prior quarter ... we believe this accelerating pace is more indicative of the company’s ongoing capabilities now that site stability issues have been resolved."

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Comments (12)
  • mitrado
    , contributor
    Comments (2033) | Send Message
    I'd like to understand how these analysts at Goldman Sachs maintain their jobs for so long...
    How can they justify things such as rating $NOK as a sell while sticking to a $NOK's Price Target of $40 a share? That would be a Strong Buy, never a Sell.
    13 Jan 2014, 07:25 AM Reply Like
  • Archman Investor
    , contributor
    Comments (3349) | Send Message
    Uh oh.....Someone has some inventory to sell.
    13 Jan 2014, 07:58 AM Reply Like
  • vpg999
    , contributor
    Comments (142) | Send Message
    Final gasp of the underwriter to unload shares and prop the stock up into the massive insider lockup expirations 2/15 but more importantly 5/7 (total of 464MM shares). Using 10x sales, more reasonable but still expensive, TWTR should be trading today in the mid teens $44 below where it is pre-market. Goldman knows this too.
    13 Jan 2014, 08:20 AM Reply Like
  • Tales From The Future
    , contributor
    Comments (7575) | Send Message
    The Kraken aka GS has spoken. I rarely read so many empty filler statements:


    "Incremental monetization" and "Accelerated Product Innovation"


    Sure, it's the same ads on a tiny mobile screen. I wonder what TWTR will do once the earnings and lockup expirations are here...wonder what will GS say then to uphold the price?
    13 Jan 2014, 08:34 AM Reply Like
  • Andrei Volgin
    , contributor
    Comments (624) | Send Message
    By that time Goldman will be short TWTR and rate it a "sell".
    13 Jan 2014, 04:31 PM Reply Like
  • Tales From The Future
    , contributor
    Comments (7575) | Send Message
    Same procedure as always then :)


    I hope the lemmings (aka muppets in GS speak) will wake up before.
    13 Jan 2014, 11:40 PM Reply Like
  • Dr. Duru
    , contributor
    Comments (2172) | Send Message
    Perhaps the biggest take-away is that Goldman is "confirming" the crescendo top that formed around $75. Definitely one can wonder why Goldman let TWTR IPO at such a "low" price if its valuation models really pegged TWTR at $65.
    13 Jan 2014, 10:09 AM Reply Like
  • Aamir Investor
    , contributor
    Comments (2) | Send Message
    well mitrado .. GS owns a majority of twtr shares through JP Morghan .. they were under writers for the IPO of Twtr. Just buying time until mid feb to dump the stock. short Twtr.
    13 Jan 2014, 01:19 PM Reply Like
  • Aamir Investor
    , contributor
    Comments (2) | Send Message
    GS owns twtr through JP Morgan.. lots of shares to unload at lockup expiration ;-)
    13 Jan 2014, 01:20 PM Reply Like
  • Leamas57
    , contributor
    Comment (1) | Send Message
    It's none of the below. They mount a campaign to squeeze the shorts. They hold the accounts for hedge funds and know they are short. When you're that big you, you don't look for ways too make $' you create your opportunities
    13 Jan 2014, 01:26 PM Reply Like
    , contributor
    Comments (8) | Send Message
    What a bunch of bubbly bull babble. What little respect I had for Goldman is gone.
    13 Jan 2014, 01:30 PM Reply Like
  • tlieu
    , contributor
    Comments (2) | Send Message
    At this price, I would think most stock options for TWTR employees are well in the money. Does anyone know how much dilution this would have (how much more this would add to the market cap) as they become vested at the current price/share and sold into the market?
    13 Jan 2014, 02:38 PM Reply Like
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