12/29/2020, 6:11 PM (Source: TeleTrader)
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Chart for: Snap Inc

Snap jumps over 6% on analysts' expectations

Stocks of American social media giant Snap Inc. jumped over 6% on Tuesday after Goldman Sachs analysts raised its price target to the highest on Wall Street.

Goldman kept a buy rating on the stock in place, but lifted the price target by $23 to $70 per share, the highest on Wall Street, stating that "a number of tech innovations and product partnerships" could boost revenue growth.

Snap stocks rose by 6.03% to $51.13 at 12:09 pm ET.

Breaking the News / TF