UPDATE: Cantor Fitzgerald Upgrades Snap Inc (SNAP) to Overweight

(updated to add analyst comment)

Cantor Fitzgerald upgraded Snap Inc (NYSE: SNAP) from Neutral to Overweight with a price target of $15.00.

Analyst Kip Paulson says the risk/reward has improved since the lock-up period. The analyst notes that engagement is growing and expects there could be "significant" upside to APRU in 2018 and beyond.

For an analyst ratings summary and ratings history on Snap Inc click here. For more ratings news on Snap Inc click here.

Shares of Snap Inc closed at $12.60 yesterday.

You May Also Be Interested In

• Elastic NV. (ESTC) PT Raised to $100 at Cantor Fitzgerald on Expanding Group Multiples
• Workday (WDAY) PT Lowered to $205 at Cantor Fitzgerald on 'Underwhelming' Guidance
• Cantor Fitzgerald on IREN Ltd. (IREN): 'We are Buying the Dip as...Business Set to Inflect Higher'