Wedbush analyst Michael Pachter raised his price target for Twitter to $16 and keeps a Neutral rating on the shares ahead of the company's Q2 results on July 27. The recent reacceleration of user growth and an improving user experience are "positive signs," Pachter tells investors in a research note titled "Empty Nest-Waiting for Twitter to Start Building its Family Again." The analyst, however, thinks advertisers will devote their ad budgets to platforms with better targeting, reach, and scale until Twitter can return to revenue growth. He expects Twitter to report "underwhelming" user growth and cost per engagement trends.