🟢 SNAP is trading 4% up today as Rothschild Redburn upgrades to Buy and doubles price target

SNAP is trading at $5.88 (+4.16%) as Rothschild Redburn upgrades the stock from Neutral to Buy and doubles its price target to $10.

• The upgrade reflects growing optimism regarding revenue diversification and cost-cutting measures, with analysts forecasting an 11% CAGR through 2028.
• The stock is seeing a significant pickup in trading volume, outperforming the broader market as the NASDAQ remains down 0.26%.