Snap shares are trading higher after Jefferies upgraded the stock from Hold to Buy and raised its price target from $12 to $16.
Portfolio Pulse from Benzinga Newsdesk
Snap Inc. shares have risen following an upgrade by Jefferies from Hold to Buy, with an increased price target from $12 to $16.
November 30, 2023 | 1:42 pm
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Jefferies upgraded Snap Inc. to Buy from Hold and raised the price target to $16, indicating a positive outlook on the stock.
The upgrade by Jefferies is a strong positive signal to the market, suggesting improved fundamentals or potential growth that could drive the stock price up in the short term. Analyst upgrades often lead to increased investor confidence and can result in a higher stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100