What's Going On With Snap Stock Wednesday?
Portfolio Pulse from Dylan Berman
Snap Inc. (NYSE:SNAP) shares are trading higher due to an upgrade from JMP Securities, which set a price target of $17. Analyst Andrew Boone cited potential revenue growth from new features like Simple Snapchat and Sponsored Snaps, projecting $180 million in additional ad revenue.
October 23, 2024 | 6:32 pm
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Snap Inc. received an upgrade from JMP Securities, boosting its stock price. The analyst sees potential in new features like Simple Snapchat and Sponsored Snaps, projecting $180M in additional ad revenue.
The upgrade from JMP Securities and the introduction of new features like Simple Snapchat and Sponsored Snaps are expected to increase user engagement and ad revenue, positively impacting Snap's stock price.
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