"We are positive on the user base, and see potential to grow per-user monetization by 5x given time spent," says BAML, upgrading to Buy with a Street-high $24 price target. "Snap (NYSE:SNAP) has weathered significant competitive pressure ... and could see improving user trends in 2018."
Also upgrading to Buy is RBC's Mark Mahaney. Upgrading to Neutral is JPMorgan's Doug Anmuth.
Shyam Patil at Susquehanna proves to be quite the contrarian, downgrading to Negative, and cutting the price target to $7. Wow.
Shares are up 20.9% premarket to $17.
Previously: Snap leaps 27% after user metrics, financials beat in Q4 (Feb. 6)
Subscribe for full text news in your inbox