Snap surges 10% after analyst says Wall Street is underestimating the company's growth potential (SNAP)

Credit: Business Insider- Published on June 18, 2019
· *Snap shares jumped as much as 10% on Tuesday after an analyst at BTIG increased his price target for the company to $20 from $15. *
· *Author Richard Greenfield said Wall Street is underestimating Snap's user growth potential. *
· *The report also pointed to accelerating user growth and monetization as support for BTIG's...
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Credit: Wochit Business
Published on June 19, 2019 -  00:32
Adobe Beats Wall Street Earnings Forecasts
According to Business Insider, shares of Adobe rose more than 4% on Wednesday morning during pre-market trading after reporting better-than-expected revenue and earnings per share. The creator of Photoshop generated $2.74 billion in sales for the second quarter thanks to strong growth in its Digital Media business. That beat analyst expectations. Guggenheim securities upped its price target for the company to $300 from $275.

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