SNAP - What's Going On With Snap Stock? | Benzinga
Snap, Inc. (NASDAQ:MULN) shares are trading higher Monday, and the stock is up more than 30% over the past five days. Here's a look at what's going on.
What To Know:
Snap reported better-than-expected first-quarter results last Thursday. Snapchat grew to over 422 million daily active users, an increase of 39 million, or 10% year-over-year, and the number of Snapchat+ subscribers more than tripled year-over-year, surpassing 9 million subscribers in the first quarter.
A slew of analysts raised their price targets on the stock after the print:
- Truist Securities analyst Youssef Squali maintained Snap with a Hold and raised the price target from $12 to $16.
- Goldman Sachs analyst Eric Sheridan maintained a ...