Updated from 9:13 a.m. EDT.
NEW YORK (TheStreet) -- Shares of Twitter (TWTR) - Get Report were surging 16.43% to $21.69 in pre-market trading this morning as speculation rises that the company will be the target of a takeover soon, CNBC reports.
Several technology companies including Alphabet's (GOOGL) Google and cloud solutions company Salesforce.com (CRM) have expressed interest in the San Francisco-based social media site.
Twitter could receive a formal bid shortly, sources told CNBC.
The company's board is incredibly interested in finding a buyer, sources said, CNBC notes. Although no immediate sale is imminent, talks are escalating and could lead to a deal by year's end, the sources added.
Still, Timothy Collins of Real Money Pro, TheStreet's subscription-only premium site for active traders, says he's more likely to sell Twitter shares here than buy them. Click here to see why (non-subscribers can sign up for a 14-day free trial).
Separately, 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.
TheStreet Ratings rated this stock as a "sell" with a ratings score of D. Among the areas we feel are negative, one of the most important has been a generally disappointing historical performance in the stock itself.
You can view the full analysis from the report here: TWTR