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Investing.com — Snap Inc (NYSE:SNAP) recovered all the ground it lost after-hours on Thursday, and then some, after Wall Street analysts had time to digest mixed results.
Shares of the social media company jumped 5% on Friday after falling 10% late Thursday, when it reported a slightly wider than expected loss but a 62% gain in revenue. Snap said a change in Apple (NASDAQ:AAPL)’s iOS operating system could be a risk to advertising.
Huber Research upgraded the stock to overweight from underweight, and several other analysts raised their price targets. Oppenheimer, Cowen, Rosenblatt, and Stifel analysts all raised their targets to $70, while Credit Suisse (SIX:CSGN) raised to $65. Snap currently trades around $61.
