Morgan Stanley raised the firm’s price target on Snap to $13 from $7 and keeps an Underweight rating on the shares. Trends appear to be improving, but at $17 per share the stock already appears to be pricing in about 30% revenue growth, which “seems aggressive,” the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on SNAP: