Twitter Inc Stock Continues To Soar On Friday Amid Analyst Notes

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Twitter Inc Stock Continues To Soar On Friday Amid Analyst Notes
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Twitter Inc (NYSE:TWTR) reported its first profit ever on Thursday morning, and investors reacted exuberantly. Twitter stock surged on Thursday but flipped into the red right out of the gate on Friday. However, the story wasn’t over there, as it surged higher again as the morning wore on.

Several analysts raised their price targets for Twitter stock, as they say the Q4 2017 earnings report revealed important progress in key areas. Others argue that the earnings improvement was done through cost-cutting measures rather than actual growth.

Canaccord Genuity analyst Michael Graham raised his price for Twitter stock from $21 to $25 per share but maintained his Hold rating. He said that the social media firm “demonstrated progress toward an operating turnaround without quite yet inspiring total confidence.” He noted that the monthly active user base remained flat quarter over quarter, but daily active user growth was three times the growth in monthly us