We could see META (+20-30%), GOOGL (+10-20%), and SNAP (+40-50%) stocks jump on a confirmed TikTok US ban - Bernstein
Get Alerts SNAP Hot Sheet
Price: $11.39 +2.24%
Rating Summary:
24 Buy, 31 Hold, 5 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
Rating Summary:
24 Buy, 31 Hold, 5 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
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Bernstein analyst Mark Shmulik on the stock reaction if TikTok gets a definite ban in the U.S.
"Through a combination of upward estimate revisions and re-entrenching the moat around the incumbents, it's possible we could see META (+20-30%), GOOGL (+10-20%), and SNAP (+40-50%) stocks jump on a confirmed ban."
For an analyst ratings summary and ratings history on Snap Inc click here. For more ratings news on Snap Inc click here.
Shares of Snap Inc closed at $11.05 yesterday.
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