Snap Jumps on Pair of Upgrades From Wall Street

Snapchat parent Snap's (NYSE: SNAP) turnaround continues to take hold, and shares jumped yesterday following a pair of upgrades from Wall Street. Analysts at both Jefferies and Cowen boosted their respective ratings on the stock, citing continued improvement in the core advertising business and stable user growth. Snap could even potentially become profitable on an adjusted basis in 2020.

Here's what investors need to know.

Image source: Snap.

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Source Fool.com