Wall Street analysts are still upgrading stocks amid ongoing market volatility, including Twitter and Lululemon

Goldman said in its upgrade of the stock that the coronavirus crisis continues to drive user growth, which should put the company in a stronger position after the pandemic passes.

"We've reduced our estimates to reflect the expectations for the ongoing impact of the COVID-19 crisis and the anticipated recession. While there are a number of variables in estimating the impact of the current crisis , we believe that acceleration inusers implied by company guidance and third-party data, along with the pre-crisis acceleration in user growth and engagement driven by product investments, leave Twitter well positioned to exit this crisis stronger than it entered it.

Pro CNBC should stop pushing that 'bottom is in'.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street titans lobby for a cut of small business bailoutSome of the richest firms in the business world — private equity companies and venture capitalists — are lobbying for their piece of the coronavirus bailout
Source: politico - 🏆 381. / 59 Read more »