Snap Inc (SNAP) PT Raised to $19 at Oppenheimer Following 4Q
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Price: $4.42 +0.23%
Rating Summary:
20 Buy, 40 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 14 | Down: 23 | New: 108
Rating Summary:
20 Buy, 40 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 14 | Down: 23 | New: 108
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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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