Social-media stocks are getting a boost from Deutsche Bank analyst Lloyd Walmsley, who raised his rating on
and lifted his price targets on
For Twitter (ticker: TWTR), he went to Buy from Hold, with a price target of $56, up from $36. The call is part of a broader bullish report on the social-media stocks, which he thinks are positioned to benefit from a coming rebound in online advertising demand.
The analyst lifted his price targets on Facebook (FB), to $325 from $305;
Google’s parent (GOOGL), to $2,020 from $1,975; Pinterest (PINS), to $55 from $43; and Snap (SNAP), to $32 from $28. He repeated Buy ratings on all of them.
“We are bullish on the ad names into Q3 results given a continued