Financial circles website reported on March 29th that Youssef Squali, an analyst at Truist, willTwitterThe rating was upgraded to buy from hold, and the target price rose to $74 from $64.

The analyst pointed out that the company's "real" progress in products and platforms had created "greater appeal" among users and advertisers. Squali further pointed out that the number of monthly active users on Twitter has increased by double digits, and the valuation is more "attractive".

Since the analyst's day, the stock has fallen 22 per cent, and the ratio of corporate value to expected income has fallen to eight times.