Redburn Upgrades SNAP Stock to 'Buy' with Higher Price Target
Redburn upgraded Snap Inc. (SNAP) to 'Buy' and raised its price target to $10, signaling potential upside of nearly 65%. The upgrade is based on Snap's transition from a pure advertising model to a more diversified revenue stream, including its premium subscription service Snapchat+. The stock surged following the upgrade, challenging its 100-day moving average.
Tickers: $SNAP
Topics: AI Analyst Report Cost Cuts Snap Inc. Snapchat Stock Upgrade Subscription Revenue