Here's Why Snap Stock Popped Today

Shares of Snap (NYSE: SNAP) were rising today after an analyst raised his price target for the company's stock. Its shares were up by as much as 10.5% earlier but settled to 8.1% as of 12:28 p.m. EDT.  

Citigroup analyst Jason Bazinet raised his price target for Snap today to $24, up from the previous $19, though he kept a sell rating for the stock. The price target increase comes after Snap's third-quarter results beat analysts' revenue and earnings estimates earlier this week.

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Source Fool.com