Will This Upgrade Help Twitter (TWTR) Stock Today?

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 ReadWarren Buffett's 25 Favorite Stocks 

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

TWTR ChartTWTR data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

More from Markets

NYSE Suspends Trading for Some Shares of Amazon, Alphabet

NYSE Suspends Trading for Some Shares of Amazon, Alphabet

Stocks Slide Amid a Rise in Bond Yields, Strong Earnings

Stocks Slide Amid a Rise in Bond Yields, Strong Earnings

Video: Jim Cramer Reveals Why He's Cautious on Stocks

Video: Jim Cramer Reveals Why He's Cautious on Stocks

Jim Cramer on Earnings: All Stories Aren't Equal

Jim Cramer on Earnings: All Stories Aren't Equal

4 Stocks Making Important Moves Wednesday

4 Stocks Making Important Moves Wednesday