• Snap jumps after formerly neutral analyst raises price target amid management changes

    2 monthes ago - By Business Insider

    Snap shares are up following a rating upgrade from a team of analysts at Wedbush, who are encouraged by the company's recent management changes.
    The social media company announced Monday that strategy chief Imran Khan was leaving, and Wedbush said his departure was beneficial to the company.
    Khan has "no meaningful strategy or operations experience" and the company's strategy "has never been well-articulated," the analysts said.
    Watch Snap trade in real-time here.
    Shares of Snap jumped more than 2% on Tuesday after Wedbush, a formerly neutral firm that had been hesitant to make...
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