Snap soars and analysts turn more bullish as users stabilize

Bradley Prior

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Snap soars and analysts turn more bullish as users stabilize

Snap Inc. soared in pre-market trading Wednesday, one day after the company blew past revenue expectations in its fourth-quarter results.

The social-media company, shares of which have languished in a long-term downtrend, also pointed to a stabilizing user base, helping to diminish a primary concern held by investors. [Bloomberg]
 
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