Twitter: Susquehanna maintains 'neutral' rating

(CercleFinance.com) - Susquehanna maintains its "neutral" rating on the Twitter stock, with a target price of 35 dollars, citing "solid" results despite the share's 20% sell off on Friday.


"Second-quarter results show that Twitter continues to progress on its broad-based recovery but we believe the stock had gotten ahead of itself," the broker said.

Before last Friday's results, the shares had surged some 78% since the beginning of the year.

Susquehanna said that it maintains a "neutral" stance on the share, looking forward to stabilization in user numbers, increasing engagement, and improved monetization (particularly around video).

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