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Deutsche Bank Upgrades Twitter to Buy

October 12, 2020 | technology | No Comments

On Sunday, Deutsche Bank analysts upgraded Twitter from Hold to BUY rating and raised their price target to $56.

Despite a rough start for Twitter early 2020, Twitter has never failed to find a way over the last few years to continue improving monetizable daily active user (mDAU) growth. As a result, the company as has positioned itself for a successful 2021 as they are “well positioned to benefit from an event and a cyclical recovery.” In fact, one thing that analysts continue to be optimistic about is that Twitter can continue its success on a multi-year basis.

Many look to Twitter as their first source of news and entertainment. As more users use the site everyday, the company has a chance to utilize both new and frequent users as a catalyst for higher average revenues per user (ARPU) from “brand spend and new direct response ads.”

According to the

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Twitter  (TWTR) – Get Report is well positioned to “benefit from a big event landscape in 2021,” according to a Deutsche Bank analyst, who upgraded the microblogging platform to buy from hold.

Shares of the San Francisco company at last check were climbing 4.2% to $47.85.

Analyst Lloyd Walmsley set a share price target of $56, up from $36.

“Twitter is well positioned to benefit from a big event landscape in 2021, expansion into more performance advertising on the back of its ad server rebuild and new [mobile application promotion] product, and an eventual high-margin subscription product,” the analyst said in a note to clients.

Twitter user growth has benefited from the coronavirus pandemic, Walmsley said. But its focus on brand advertising – the weakest segment of the ad market – has resulted in poor revenue performance, holding back the shares from an otherwise good story in 2021. 

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Getty Images / Cliff Hawkins


© Getty Images / Cliff Hawkins
Getty Images / Cliff Hawkins

  • An influx of retail-investor interest in Penn National Gaming boosted shares too far, too fast, Deutsche Bank said Thursday.
  • The bank’s analysts lifted their price target for Penn National Gaming shares on Thursday to $31 from $22, implying a 57% plunge over the next 12 months.
  • While Penn National’s improvements to operating costs show promise, the stock has transformed “into an internet meme of sorts” without the fundamentals to support its rally, the analysts said.
  • Few states are interested in passing online gambling legislation, and the company’s total addressable market is smaller than bullish investors realize, they added.
  • Watch Penn National trade live here.

Penn National Gaming shares are up more than 800% from their mid-March trough, but Deutsche Bank doesn’t think the rally will hold.

Analysts Carlo Santarelli and Steven Pizzella raised their price target to $31 from

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