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MarketWatch 10/23/2019 07:43
J.P. Morgan analyst Doug Anmuth boosted his rating on Snap Inc. shares to overweight from neutral on Wednesday following the company's third-quarter earnings report. "We believe Snap shares are increasingly compelling following a 20%+ pullback from recent highs and after delivering 3Q results that we believe showed more encouraging trends," he wrote. "Importantly, we believe that Snap's platform and business have both improved dramatically over the past several quarters." He pointed to the company's three straight quarters of daily-active-user growth, culminating in an acceleration to 13% growth for the third quarter. Revenue growth also accelerated for the third quarter in a row, Anmuth wrote. "We are encouraged by Snap's potential to attr.

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