Snap Stock Gets Upgraded After Earnings. Not All of Wall Street Is So Optimistic.
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Snap stock got upgraded Thursday, but shares still fell as Wall Street remained concerned about the social media companyโs growth. B. Riley analyst Naved Khan boosted his rating on shares of Snapchat parent Snap to Buy from Neutral while maintaining a $10 price target. Khan is now bullish on the stock because of progress the company has made in developing new opportunities for future revenue growth, he wrote in a research note.
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Snap stock got upgraded Thursday, but shares still fell as Wall Street remained concerned about the social media companyโs growth. B. Riley analyst Naved Khan boosted his rating on shares of Snapchat parent Snap to Buy from Neutral while maintaining a $10 price target. Khan is now bullish on the stock because of progress the company has made in developing new opportunities for future revenue growth, he wrote in a research note.