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Why Snap Stock Popped 6% This Morning

TheMotleyFool

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Shares of Snapchat owner Snap Inc. (NYSE: SNAP) popped sharply higher this morning, rising 6% as of 11:23 a.m. EST.

You can thank Wall Street analysts: First, this morning, Jefferies & Co. upgraded Snap from a hold to a buy and gave it a $21 price target. (Snap is currently trading at around $17.70.) Then Cowen & Co. echoed the sentiment, upgrading the stock from market perform to outperform with a $20 price target.

Image source: Getty Images.

Source Fool.com

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