NEW YORK (TheStreet) -- Twitter (TWTR) stock has been upgraded to "market perform" from "underperform," Wells Fargo said Monday. The firm said the company is showing an impressive utilization of its mobile platform and the risk/reward appears more balance following the recent weakness.
Over Monday's session, shares popped 3.4% to $34.47. Year to date, the stock is down 45.8% following selloffs affecting heavy-volume, high-momentum tech stocks.
Must Read: Warren Buffett's 25 Favorite Stocks
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts