Referring to ‘growth pains coming to an end’ thanks to product catalysts, analysts at KeyBanc Capital Markets have upgraded Twitter TWTR,
to be overweight by the sector weight and set a price target of $ 65. “Our view is that performance is improving, and the combination of a cyclical ad recovery and new products creates revenue potential to meet our revenue estimates in 2021 and 2022 surpassed, “said Justin Patterson and Sergio Sugura, analysts. customers dated Wednesday. They provide sustainable 20% plus annual revenue growth from Twitter’s core business. “According to a more bullish scenario, we think Twitter could generate $ 5.7 billion in revenue in 2022 (about 10% above consensus),” analysts said. Twitter is expected to announce its fourth-quarter results after the market closed on February 9th. Shares of Twitter closed nearly 3% at $ 48.19 a share on Wednesday.
