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Snap stock is upgraded from sell to buy due to a 6% price drop and potential gains from a possible TikTok U.S. ban. Snapchat could benefit from increased user engagement and is expanding its creator monetization program.
December 18, 2024 | 12:45 pm
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Snap stock is upgraded from sell to buy due to a 6% price drop and potential gains from a possible TikTok U.S. ban. Snapchat could benefit from increased user engagement and is expanding its creator monetization program.
The analyst upgrade from sell to buy is based on a recent 6% price drop and the potential for increased user engagement if TikTok is banned in the U.S. Snapchat is preparing for this by expanding its creator monetization program, which could attract more users and content creators.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100