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0 -0.00161574618096356 -0.00102820211515854 -0.000214453584018823 0.00102820211515875 -0.00660987074030536 -0.00984136310223269 -0.00749118683901279
Stock impact report

Snap, Pinterest shares gain on Jefferies upgrade: 4 big analyst picks [Yahoo! Finance]

Pinterest, Inc. Class A (PINS) 
Company Research Source: Yahoo! Finance
Unlock the potential of InvestingPro for up to 60% off this Cyber Monday Extended and never miss out on a market winner again. Snap shares gain on Jefferies upgrade Snap (NYSE:SNAP) shares rose more than 2% pre-market today after Jefferies upgraded the company to Buy from Hold and raised its price target to $16.00 from $12.00. According to the analysts, the most challenging times for the company seem to be over, and they see a pathway back to a mid-teens revenue CAGR over the next 3-5 years. The underperformance of Snap in the past, according to Jefferies, was largely due to the rebuild of their direct response (DR) advertising platform. This revamp led to a drop in revenue in the first two quarters of the year. However, recent developments suggest that the DR platform is starting to show positive trends. The analysts also pointed out other potential revenue sources for Snap, such as a more in-depth integration with Amazon ads, potential collaborations with other retailers, t Show less Read more
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