Twitter surges after Morgan Stanley says the stock is worth buying despite how expensive it is (TWTR)

Morgan Stanley has raised its target price for Twitter to $29, saying the stock is worth its expensive valuation. The bank says user growth is improving and revenue will likely rise in step. Twitter spiked more than 10% in trading Tuesday after the note was distributed to clients. Follow Twitter’s stock price in real-time here.

Shares of Twitter surged more than 10% Tuesday after Morgan Stanley raised its price target for the stock,

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