Snap surges 10% after analyst says Wall Street is underestimating the company’s growth potential (SNAP)
|06/18/2019||Posted by BusinessMediaguide.Com under General World News||
- Snap shares jumped as much as 10% on Tuesday after an analyst at BTIG increased his price target for the company to $20 from $15.
- Author Richard Greenfield said Wall Street is underestimating Snap’s user growth potential.
- The report also pointed to accelerating user growth and monetization as support for BTIG’s ‘Buy’ rating on the stock.
- Watch Snap trade live.
Wall Street seems to be buying into Snap‘s turnaround plan.
The company’s shares surged as much as 10% on Tuesday afternoon after a team led by BTIG analyst Richard Greenfield increased its price target for the stock to $20, read more >>>