Can Snap Stock Keep Going After Last Week's 12% Pop?
Things keep looking up for Snap, Inc. (NYSE: SNAP) investors. Shares of Snapchat's parent company rose 11.6% last week, moving higher after a pair of bullish analyst moves. The stock hit a three-month high on Friday, closing within pocket change of its wintertime IPO price.
Stephen Ju at Credit Suisse pushed his price target from Snap's IPO price of $17 up to $20. Ross Sandler at Barclays isn't as bullish -- he's sticking with his "neutral" stock rating and his $13 price target -- but he did concede that he's starting to warm up to the stock's improving fundamentals.
Image source: Snap, Inc.
Source: Fool.com
