Snap Stock Jumps as Wall Street Sees a Profit Turn Coming
Snap Inc. shares jumped roughly 8.5% Monday, lifted by Rothschild & Co Redburn’s rating boost to Buy from Neutral. The firm also hiked its price target for the Snapchat owner all the way to $10, doubling the previous level. Lately, the stock traded at $6.13—well off its 52-week high, but making a strong move higher on the session.
