Snapchat Finally Got Its First Buy Rating. Then Its Stock Surged

Most of Wall Street has given Snap a thumbs-down following its IPO earlier this month. But one analyst has finally given a stamp of approval to the as-of-yet-unprofitable parent of Snapchat Monness Crespi Hardt analyst James Cakmak gave Snap a “Buy” rating on Monday, effectively saying that he expects the stock to beat the market…

http://fortune.com/2017/03/20/snap-snapchat-stock-shares-analyst-buy/

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