On CNBC's "Fast Money Halftime Report," traders spoke about Deutsche Bank's upgrade of Twitter Inc (NYSE:TWTR). Deutsche Bank upgraded the stock to Buy and raised its price target to $56 on improving growth in 2020.
Joe Terranova bought the stock a few weeks ago and he agrees with the call and the price target. He likes the stock because the user engagement is coming back and digital ads are returning.
Kevin O'Leary thinks it's good to own Twitter going into the election. He said management did a good job of curating the platform so big brands are now more comfortable to advertise on Twitter. O'Leary is optimistic about the stock because large corporate clients are now considering advertising on Twitter.