The firm has a $25 price target on the stock.
Analysts are bullish as the microblogging site's risk reward currently looks attractive.
It also appears that Twitter's efforts, including simplifying how users can see tweets and conversations and its focus on monetization could lift user growth and sales going forward.
"We believe improvements would likely be second half of 2016 at the earliest," the firm noted.
Even though investors are worried about Twitter making a turnaround, analysts are hopeful about Twitter's future.
(Twitter is held in Jim Cramer's charitable trust Action Alerts PLUS. See all of his holding with a free trial).
Separately, TheStreet Ratings currently has a "Sell" rating on the stock with a letter grade of D.
This is driven by some concerns, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. Among the areas we feel are negative, one of the most important has been a generally disappointing historical performance in the stock itself.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: TWTR