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Snap Inc (SNAP) PT Raised to $19 at Oppenheimer Following 4Q

February 7, 2018 9:46 AM

Oppenheimer raised its price target on Snap Inc (NYSE: SNAP) to $19.00 (from $14.00) while maintaining a Outperform rating following the company's 4Q earnings report. SNAP reported significantly better than expected 4Q revenue and user growth. NA revenue was 11% above consensus. European revenue 23% above consensus.

an app redesign is to launch broadly in 1Q18. Management is seeing increased engagement with publisher content and higher engagement by older users in test markets.

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