Twitter shares jump after Goldman Sachs says account purge good for business, raises price target

Twitter shares jump after Goldman Sachs says account purge good for business, raises price target

6 years ago
Anonymous $TjsaxHwAP-

https://www.cnbc.com/2018/07/12/twitter-shares-jump-after-goldman-sachs-says-account-purge-good-for-bu.html

Twitter shares rose Thursday after Goldman Sachs raised its price target for the social media stock and told clients that despite recent worries about the crackdown on fake accounts, the purge will be a net positive for user engagement.

Goldman Sachs analyst Heath Terry increased his price target on Twitter to $55 from $40, arguing that the company's efforts to drive and monetize user engagement will help contribute to 25 percent upside over the next year.