The World Cup could send Twitter’s stock soaring, JPMorgan says (TWTR)
|06/12/2018||Posted by BusinessMediaguide.Com under General World News||
- JPMorgan upgraded Twitter on Tuesday, giving it a $50 price target.
- The bank estimates ad revenues will grow by more than 20% in upcoming quarters, with a boost from the World Cup.
- Follow Twitter’s stock price in real-time here.
The World Cup could help propel Twitter‘s surging stock price another 16% higher, JPMorgan said Tuesday.
The bank upgraded shares of the social-media company, giving them a $50 price target as it continues to show signs of a financial turnaround. The bank’s previous target was $39.
“We are raising our estimates on Twitter shares as we believe advertising momentum is read more >>>