Why Snap, Inc. Stock Popped Today

Shares of Snap Inc. (NYSE: SNAP) climbed 11.4% on Wednesday after Credit Suisse analyst Stephen Ju upgraded the social-media company. More specifically, Ju increased his per-share price target on Snap stock from $17 to $20, representing a staggering 39.5% premium from yesterday's close.

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To justify his bullishness, Ju argued that Snap's recent launch of ad products -- including its Snap Publisher tool, which allows advertisers to easily cut vertical ads in just minutes -- "should bolster the incentive to test the platform."

Source: Fool.com