The first half of 2014 has been slow for Twitter Inc (NYSE:TWTR) with stock touching as low as $30. However, on the basis of the current trend “Twitter is showing the strength it needs to reach all-time highs by 2015,” says a report from The Street by Sumant Chittiprolu.Will Twitter Inc (TWTR) Break $100 Mark In 2014?

Twitter Inc (NYSE:TWTR – All time high not far

Twitter stock witnessed an exceptional high on its first day in the stock market. From the offering price it soared to almost 73% on Nov 7, 2013. The company’s stock had touched the mark of $50 per unit share at a point in time, and on the day after Christmas touched the all-time high of $74.73. Its 52-week low is $29.51.

In technical terms, the MACD or moving average convergence divergence indicator “is starting to make a upward crossover,” suggesting a positive signal of a new breakout. The previous resistance area of $53.64 has already been broken by Twitter on 3rd October 2014, and soon it will make a place for itself in the range of $56 to $58, notes the author.

“As the gap toward $75 closes,” there is a possibility that shares will cross the $100 mark owing to a solid earnings report and a great outlook on November 4.

Analysts positive on Twitter Inc (NYSE:TWTR

The developers at Twitter have worked hard to make the Ads API a “billion-dollar worldwide ad-revenue stream” with over 60% contributed by mobile platforms. Twitter at present is amongst the most popular social media companies. Presently, the micro-blogging site has 271 million monthly active users, and on a daily basis more than 500 million tweets are exchanged. The profitable revenue growth strategy of Twitter is fed by promoted tweets, accounts and trends, and such strategy is showing “no signs of slowing down,” notes the author.

The analysts too are positive about the company’s stock doing well in the coming days. On October 2nd, J. P. Morgan Chase & Co. analysts upgraded their rating to Overweight from Neutral, and raised the price target from $54.00 to $64.00. Presently, four analysts have a Sell rating on the stock; seventeen have a Hold rating while fifteen investment analysts have a Buy rating on Twitter. The micro-blogging site has consensus rating of Hold and an average price target of $52.26.