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0.000619962802231963 0.000619962802231963 0.00185988840669567 0.00247985120892763 0.000619962802231963 0.000619962802231963 0.000619962802231963 0.000619962802231963
Stock impact report

Snap stock enjoys best trading day since IPO as analyst predicts stronger user growth [MarketWatch]

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: MarketWatch
Snap stock enjoys best trading day since IPO as analyst predicts stronger user growth Snap Inc. stock Wednesday enjoyed its best trading day since debuting on Wall Street, rising 11.4% as one analyst predicted user growth has been stronger than he originally expected. Good days have been rare for the Snapchat parent company since its March 2 initial public offering, with Snap SNAP, +11.44% shares struggling to rise above the $17 price the company initially charged in its $3.9 billion initial public offering. Credit Suisse analyst Stephen Ju, however, upped his price target to $20 from $17 and reiterated his bull case in a note to investors Wednesday, largely based on an raised daily active user estimate and technical changes that will improve advertising revenue. Don’t miss: Snap backlash won’t stop founder-friendly stock structures Of 35 analysts who cover Snap and have ratings, 16 rate the stock a hold or a sell, and six give the company a buy rating, according to data compile Show less Read more
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