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Twitter Rises on Renewed Sale Speculation and an Endorsement from Citron

The Twitter Inc. logo is displayed on the company's preliminary prospectus arranged for a photograph in Washington, D.C., U.S., on Monday, Oct. 28, 2013. Twitter Inc., which embarks on its road show to investors today, will make the case to potential investors in its initial public offering that it needs to keep spending to grow, and profit will come once it can reap the benefits of those investments.Photographer: Bloomberg/Bloomberg

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By Kristy Westgard and Selina Wang

January 26, 2018 at 7:22 PM UTC

Updated on

January 26, 2018 at 9:09 PM UTC

This article is for subscribers only.

Twitter Inc. shares rose the most in five weeks on an endorsement from Citron Research and renewed speculation the social-media company may be an acquisition target.

The research firm in a tweet called 2018 “the year for” Twitter, put a target price of $35 on the stock and speculated that Chinese social-media giant Tencent Holdings Ltd. would buy the San Francisco-based company. Earlier, Twitter gained as unconfirmed takeover speculation among traders pointed to Salesforce.com Inc. as a possible buyer.