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JMP Securities upgrades Snap amid app revamp, says shares can rally 70%

By CNBC   |   Oct 23, 2024 at 06:37 AM EST
JMP Securities upgrades Snap amid app revamp, says shares can rally 70%

Analyst Boone from JMP Securities upgraded Snap to market outperform, citing app redesign with AI tools. The stock may rebound with Simple Snapchat and Sponsored Snaps, aiming for U.S. and North American engagement and increased ad load.

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