Snap stock jumps 4.3% premarket after Goldman raises price target to $70 from $47
Goldman Sachs raised its price target for Snap Inc. stock SNAP,
types, and the Unity partnership, particularly Unity Ads’ inclusion
into the Snap Audience Network (SAN), have the potential to drive
further momentum in engagement growth as well as provide
valuable scale to advertisers,” the analyst wrote in a note to clients. “In addition, our recent ad checks as well as 3rd party data suggest outperformance relative to the company’s initial guidance for 4Q, acceleration we believe is sustainable beyond the current quarter.” Goldman rates the stock a buy. Shares jumped 4.3% premarket and have gained 77% in the year to date, while the S&P 500 SPX,