• Twitter surges after Morgan Stanley says the stock is worth buying despite how expensive it is

    11 monthes ago - By Business Insider

    Morgan Stanley has raised its target price for Twitter to $29, saying the stock is worth its expensive valuation.
    The bank says user growth is improving and revenue will likely rise in step.
    Twitter spiked more than 10% in trading Tuesday after the note was distributed to clients.
    Follow Twitter's stock price in real-time here.
    Shares of Twitter surged more than 10% Tuesday after Morgan Stanley raised its price target for the stock, reversing its argument of a stretched valuation, citing improving user growth.
    "While previously we were cautious about the durability of TWTR's platform...
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