Twitter TWTR +2.69% pulled back from its intraday high. but still closed with a gain of 2.7%, at $62.20, as Rohan initiated coverage of the company with a buy rating and a price target of $75 a share. Among the reasons Rohan gave for his opinion are that in the U.S., “Twitter currently monetizes [its business] at a level Facebook did three years ago, despite a lack of platform features,” and that with time, Twitter should generate a higher average revenue per user than Facebook.
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