Reuters / 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
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