Twitter, Inc. (TWTR - Free Report) was a big mover last session, as the company saw its shares rise more than 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $20.40 to $22.58 in the past one-month time frame.
The move came after two analysts provided optimistic outlook on the stock citing product enhancements, stabilizing finances and improved engagement. While one of the analysts raised target price for the stock, the other initiated coverage with a buy rating.
The company has seen no positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has moved higher over the past few months, suggesting that more solid trading could be ahead for Twitter. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Twitter currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Investors interested in the Internet - Software industry may consider AppFolio, Inc. (APPF - Free Report) , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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