Snap Stock Gets Upgraded After Earnings. Not All of Wall Street Is So Optimistic.
Market Intelligence Analysis
AI-PoweredSnap stock received an upgrade from B. Riley analyst Naved Khan, but shares still fell due to Wall Street's concerns about the company's growth prospects.
Market impact analysis based on neutral sentiment with 70% confidence.
Article Context
Snap stock got upgraded Thursday, but shares still fell as Wall Street remained concerned about the social media company’s 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.
Analysis and insights provided by AnalystMarkets AI.