Pro Analysis

Deutsche Bank: Twitter has bottomed, stock to rally 26%

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Deutsche Bank said shares of Twitter have finally bottomed after falling more than 20 percent in the past month.

"Now that the M+A premium is largely washed out and fundamentals have broadly stabilized, TWTR shares feel like they have found a bottom in the mid-high teens," wrote equity analyst Ross Sandler in a research note Friday.

"We view the most positive thing about TWTR is that for the first time in over a year, forward estimates are actually broadly going up coming out of the 3Q (third-quarter) print," he said.

Sandler's picks have a 10 percent one-year average return with a 65 percent success rate, according to analyst ranking service TipRanks, placing him in the top 3 percent of all Wall Street analysts covering any industry.