Snap Stock Soars After Q3 Earnings Beat: Analysts Optimistic But Say 'Challenges Remain'

Snap Inc SNAP shares climbed on Wednesday after the company reported upbeat third-quarter results. The company reported its results amid an exciting earnings season. Here are some key analyst takeaways. Cantor Fitzgerald On Snap Analyst Deepak Mathivanan maintained a Neutral rating while raising the price target from $8 to$9. Snap reported its adjusted EBITDA ahead of expectations, with the beat being driven by better cost management, Mathivanan said in a note. The company's fourth-quarter guidance is bett ...