twitter nyseReuters / Brendan McDermid

Twitter‘s turnaround from its spam struggles and the 2016 election is going faster than Wall Street has noticed, Goldman Sachs says. 
The bank raised its price target to $55 — 25% above current prices.
Shares rose 2% following the bank’s price-target increase.
Follow Twitter’s stock price in real-time here. 

Twitter has been a tear this year — with shares soaring 82% to hit their highest price in over three years — and Goldman Sachs says the gains may not be done yet.

The bank on Thursday raised its target price for the social-media stock to $55 from $40 — a full 25% above where shares were trading — saying Twitter is doing better on its turnaround than the rest of Wall Street gives it credit for.See the rest of the story at Business Insider

NOW WATCH: Learning to celebrate failure at a young age led to this billionaire’s success

See Also:

GOLDMAN SACHS: Here’s where to put your money as trade tensions heat upGoldman Sachs once again changes its World Cup predictions — and is now forecasting a Belgium-England finalGOLDMAN SACHS: Big-money investors are dominating the market with the help of 10 stocks — here’s the list and how they can continue crushing it

SEE ALSO: Celebrities are probably about to see a big dip in their Twitter followers — here’s why

Read more: