The firm surveyed consumers and determined that more new users are joining the micro-blogging service; however, Pacific Crest also said engagement on the website is slow. The firm maintained its "outperform" rating on the stock.
Twitter was up 0.58% to $38.24 at 12:47 p.m.
Must Read: Warren Buffett's 25 Favorite StocksSTOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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