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Twitter: Susquehanna raises its target price

(CercleFinance.com) - Susquehanna has sharply raised its target price for the Twitter share from 20 dollars to 31 dollars after the group's fourth-quarter results provided "encouraging signs," the broker said in a report on Friday.

In a research note, Susquehanna points out that live video continues to gain steam and that the offer will be largest driver for revenue growth.

"Competition is still a concern but the company does appear to have a differentiated use case around live events," the broker wrote.

Susquehanna said other potential positive catalysts include traction with the new video ad products, the signing of new major live streaming deals, or even a sale (or speculation of a sale).

However, the broker maintains a "neutral" rating on the stock, waiting to see consistent execution on user stabilization/growth, and monetization - particularly around live video.

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