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Stock impact report

Snap Inc. (SNAP) Surges 7% as Analyst Doubles PT, Turns Bullish [Yahoo! Finance]

Snap Inc. Class A (SNAP) 
Last snap inc. class a earnings: 4/21 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investor.snap.com/company-profile
Company Research Source: Yahoo! Finance
Snap rallied by 7.26 percent on Monday to close at $6.06 apiece, after an investment firm doubled its price target and turned bullish for its stock ahead of the first quarter earnings outcome. In a market note, Rothschild upgraded Snap Inc. (NYSE:SNAP) to “buy” from “neutral” previously, while doubling its price target to $10 from $5 prior. The price marked a 65 percent upside potential from its latest closing price. Photo by Gustavo Fring on Pexels The coverage reflected its optimism for the technology firm's diversified revenues and cost management efforts, adding that it expects the latter to have already reached breakeven in 2025 and be on the path to profitability in fiscal year 2026. By 2028, Rothschild projects Snap Inc. (NYSE:SNAP) to grow at a compounded annual growth rate (CAGR) of 11 percent, driven by a 7 percent CAGR in advertising and a sharp increase in subscription revenues, to $1.755 billion in 2028 from $745 million in 2025. Subscription revenues are proje Show less Read more
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