Snap shares are trading higher after Morgan Stanley upgraded the stock from Underweight to Equal-Weight and raised its price target from $12 to $16.
Portfolio Pulse from Bill Haddad
Snap shares are trading higher following an upgrade from Morgan Stanley, which raised the stock rating from Underweight to Equal-Weight and increased the price target from $12 to $16.
July 23, 2024 | 10:40 am
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POSITIVE IMPACT
Morgan Stanley upgraded Snap from Underweight to Equal-Weight and raised its price target from $12 to $16, leading to a rise in Snap's share price.
The upgrade from a major financial institution like Morgan Stanley and the increased price target are likely to boost investor confidence and drive short-term price appreciation for Snap shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100