Wall Street expects Snap to continue to surge after blowout quarter - Business Insider

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6 Wall Street firms now expect Snap's stock to surge more than 37% after earnings. Here's what they had to say about the blowout quarter.

in early trading on Wednesday, but six Wall Street analysts think the stock surge can continue on.

Snapchat's parent company reported a 52% surge in revenue, positive adjusted Ebitda, and a surge in engagement among its user base. Snap didn't provide guidance due to the ongoing uncertainty related to the COVID-19 pandemic, but that didn't stop analysts from raising their price targets and expectations for the company.

Here's what six analysts had to say about the social media company following its third quarter earnings report.

 

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