Analyst: Snap Stock Boasts "Strong Catalyst Path"

Shares of Snap Inc (NYSE:SNAP) are 3% higher this morning, last seen trading at $16.79 this morning after Deutsche Bank upgraded the stock to "buy" from "hold" and raised its price target by$9 to $19 -- a more than 16% upside to last night's close.In its bull note, the Wall Street brokerage said Snap stock has a "clear, strong catalyst path towards upwards revenue and EBITDA revisions." Deutsche also mentioned Snapchat+, which surpassed 7 million subscribers last month, as well as the company's November pa ...