Snap Inc. shares have surged 39% over the past month, but a Wells Fargo analyst sees plenty more upside ahead.
Ken Gawrelski upgraded Snap’s stock SNAP to overweight from equal weight over the weekend, while boosting his target price to $22 from $8. Snap shares, up 4% in Monday morning action, recently changed hands at $15.70, so Gawrelski’s new target implies they could run up another 40%.
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