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Twitter shares rose to 4 1/2 year highs after Deutsche Bank raised its rating and price target



Shares of Twitter Inc. TWTR,
-0.23%
rose 4.5% in pre-trading on Monday after the social media company was modernized at Deutsche Bank, with analyst Lloyd Walmsley expecting growth to improve in the second half of the year and a “convincing bull case” for 2021 from hold and raise its share price target to $ 56 from $ 36. “We believe Twitter is well positioned to take advantage of a major event in 2021, expanding into more effective advertising on the back of the ad server rebuild and a new [mobile app promotion] product and a possible high-margin subscription product, “Walmsley wrote in a note to customers. He said he was unable to take advantage of Twitter shares with poor feedback from an advertising channel, but that has changed.”

; We are now beginning to hear more positive feedback on the advertising channel and would take the opportunity to build a position now, before a stronger recovery in advertising and enter the period of excitement of 2021, “added Walmsley. are about to open at the highest price observed during regular session hours since April 2015, increased by 43.2% from year to Friday, while the S&P 500 SPX,
+ 0.87%
has won 7.6%.


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