Twitter Soars 10%

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It’s been a big day for Twitter, with its shares picking up just over 10 percent. What caused the spike? An analyst upgrade from Nomura. The new buy rating came with a reiterated $43 price target.

Twitter closed today at $33.77 per share.

The good news for Twitter comes on the heels of it picking up some momentum yesterday. A report indicated that Twitter would see strong user growth in Asia in the next few years, and the company announced a nine-figure, two-year deal that could help it drive revenue growth. That, along with today’s upgrade and ensuing share price bounce, have put new shine on the social company.

Twitter remains far below its record highs, but has managed to recover from its recent lows. The company’s decline has been in line with the slippage experienced by a number of other public technology companies — the so-called “momentum” tech…

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