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Why Snap's Stock Is Trading Higher Today

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Why Snap's Stock Is Trading Higher Today

Snap (NYSE: SNAP) shares are trading higher on Friday after Credit Suisse maintained its Outperform rating on the stock and raised its price target from $30 to $32 per share.

Snap, which refers to itself as a camera company, has one of the most popular social networking apps, Snapchat, in developed regions such as North America and Europe. The firm has approximately 158 million daily active users. Snap generates nearly all of its revenue from advertising with 88% coming from the U.S. The firm is headquartered in Venice, California.

Snap shares traded up 0.71% to $28.26 on Friday. The stock has a 52-week high of $28.56 and a 52-week low of $7.89.

Latest Ratings for SNAP

DateFirmActionFromTo
Oct 2020JefferiesMaintainsBuy
Oct 2020KeyBancMaintainsOverweight
Oct 2020Credit SuisseMaintainsOutperform

View More Analyst Ratings for SNAP
View the Latest Analyst Ratings

 

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Posted-In: why it's movingPrice Target Analyst Ratings

Latest Ratings

StockFirmActionPT
SANDTD SecuritiesUpgrades14.5
RGLDTD SecuritiesUpgrades
XELMorgan StanleyMaintains65.0
LUGTD SecuritiesUpgrades17.5
VSTMorgan StanleyMaintains33.0
View the Latest Analytics Ratings
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