New for subscribers: Wall Street analysts are still upgrading stocks amid ongoing market volatility, including Twitter and Lululemon Check out CNBCPro and get your first 30 days free.
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.
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