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Twitter could rise another 30% as ad spending is set to soar, Bank of America says

Twitter CEO Jack Dorsey. PRAKASH SINGH/AFP via Getty Images Twitter stock could rise by almost 30% to $90 per share, according to Bank of America analysts. BofA sees Twitter expanding in its advertising growth which took a hit during the COVID-19 pandemic. BofA reiterated its buy rating on the stock. See more stories on Insider's business page. Twitter stock could rise by about 30% as the social media platform stands to see further growth in advertising sales which have been recovering after the onset of the coronavirus pandemic, Bank of America said Friday. Twitter's own outlook for the third quarter points to optimism about its business prospects, the investment bank said in a research note in which it raised its price objective and reiterated its buy rating on the stock. Th...
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Steve Ballmer joins the $100 billion club after Microsoft’s stock gains give the ex-CEO’s wealth a big boost

Former Microsoft CEO & LA Clippers owner Steve Ballmer. Steven Ferdman/Getty Images A jump in Steve Ballmer's net worth has landed the former Microsoft CEO a spot in the exclusive $100 billion club, spurred by gains for the software-maker's shares this year.Ballmer's fortune has risen to a hefty $101 billion, making him the ninth person to reach that level of wealth, according to the Bloomberg Billionaires' Index. The 65-year-old American businessman's fortune grew by $20 billion this year alone.Windows-maker Microsoft last month became the second US-listed company ever to hit a $2 trillion valuation, second only to Apple in reaching that milestone. Its shares have gained 25% year-to-date, outperforming tech peers Apple and Amazon.A self-described "loyal dude" who still owns Micr...
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BlackRock cuts outlook for US stocks to neutral as the reopening trade shifts to Europe and Japan

The reopening of economies after the worst of COVID-19 should boost European and Japanese stocks this year. REUTERS/Charles Platiau BlackRock Investment Institute said Wednesday it has cut its outlook on US stocks to neutral from overweight. BlackRock's strategists upgrade European and Japanese stocks which they see benefitting from a wider reopening of economies from the COVID-19 crisis. Strategists remain overweight on US small-caps. See more stories on Insider's business page. BlackRock strategists have switched to a neutral stance on US stocks while upgrading their views on European and Japanese equities, which they see as growing beneficiaries from the further reopenings of economies shut down by the COVID-19 crisis. BlackRock Investment Institute outlined, among other i...