Twitter Stock Rallies After Analyst Upgrade

Twitter’s (TWTR) stock rallied 11 percent yesterday to close at $33.77 in New York after Nomura Securities upgraded the company to a buy.

The uptick ended a nine-day decline for Twitter, and was the stock’s biggest jump since April 15.

“We believe that the market has now priced in the expectation that Twitter remains a niche social media product,” said Anthony DiClemente, an analyst at Nomura who wrote the report. “We believe risk/reward is much more favorable now, given the possibility that product enhancements rejuvenate user growth.”

Twitter’s