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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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