Snap shares are trading higher after Deutsche Bank upgraded the stock from Hold to Buy and raised its price target from $10 to $19.
Portfolio Pulse from Benzinga Newsdesk
Snap Inc. shares have risen following an upgrade from Deutsche Bank, changing its rating from Hold to Buy and increasing the price target from $10 to $19.

January 26, 2024 | 3:04 pm
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POSITIVE IMPACT
Snap Inc. stock is likely to experience a positive short term impact due to Deutsche Bank's upgrade to Buy and a raised price target.
Analyst upgrades and raised price targets are strong indicators of a stock's potential performance. The upgrade from Hold to Buy suggests increased confidence in Snap Inc.'s future performance, and the significant raise in the price target from $10 to $19 indicates a bullish outlook on the stock's value. This news is likely to be taken positively by the market, leading to increased investor interest and potentially driving up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100