Twitter gets lift from Goldman

|By:, SA News Editor

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."