Twitter stock price target boosted more than 50% as skepticism has now 'flipped' toward Elon Musk, analyst says

Twitter stock price target boosted more than 50% as skepticism has now ‘flipped’ toward Elon Musk, analyst says

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Twitter Inc. has a new bullish backer on Wall Street, as Rosenblatt Securities said the social media’s company’s disclosures have “flipped” the narrative, and now makes Elon Musk look like the bad guy.

Analyst Barton Crockett upgraded Twitter to buy from neutral, and raised his stock price target to $52 from $33. Crockett’s new price target is just below the $54.20 per-share price Musk agreed to pay to buy Twitter, and implies about 42% upside from current levels.

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