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Snapchat surges above $20 after receiving its first Wall Street 'buy' rating (SNAP)

Business Insider Monday, 20 March 2017
Snapchat surges above $20 after receiving its first Wall Street 'buy' rating (SNAP)Snap Inc, the parent company of messaging company Snapchat is higher by 3.9% at $20.30 per share after Monness analyst James Cakmak initiated coverage with a "buy" rating, the first for the stock since its March 2 initial public offering. Cakmak has a price target of $25 on Snap's stock. Shares plunged 11% last week towards...
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News video: Drexel Hamilton Analyst Explains His 'Buy' Rating on Snap

Drexel Hamilton Analyst Explains His 'Buy' Rating on Snap 04:42

Mar.24 -- Brian White, Drexel Hamilton senior equity research analyst, explains why he has a $30 price target on the company. He speaks with Bloomberg's Julie Hyman on "Bloomberg Markets." White is one of two analysts with a "buy" rating on Snap.

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