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Business / Stock Market

Why Snap Analyst Is Confident of Multiple Years Of 'Elevated Growth'

Published Apr 06 2021 at 5:04 PM GMT
Benzinga

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Points
  • Snap Inc (NYSE: SNAP) shares are advancing strongly Tuesday on the back of a positive analyst action.
  • The Snap Analyst: Atlantic Equities analyst James Cordwell upgraded Snap shares from Neutral to Outperform, while maintaining the price target at $75.
  • The Snap Thesis: The recent pullback in Snap shares creates an attractive entry point, analyst Cordwell said in a note.
  • The company, the analyst said, has grown from a message-centric app to a broad content platform through "best-in-class" innovation.
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  • Published Apr 6, 2021 5:04 PM GMT