The Ratings Game: Snap is on the brink of a ‘Cinderella story,’ analyst says

Snap Inc.’s stock was once Wall Street’s “punching bag,” but now the social-media company is in the middle of a turnaround that may only get better in the next earnings report.

“We believe that Snap SNAP, -1.92% is on the verge of writing its own ‘Cinderella story’ due to the likelihood of a massive upside surprise in [daily-active-user] growth” in the second quarter, wrote MoffettNathanson analyst Michael Nathanson. His research indicates that Snap has seen daily active users (DAUs) grow by 15 million since March, meaning that the company could be in for a “blowout” earnings report.

Don’t miss: Apple is ‘clearly’ the winner of G-20 summit, Wedbush says

>>> Original Source <<<