Snapchat stock surges 25% in a day; Can SNAP reach $20?

In a refreshing twist, Snapchat (NYSE: SNAP) saw a major boost in its stock after releasing its Q1 earnings, surpassing expectations by a large margin. In after-hours trading, the stock soared by as much as 30%. A positive momentum carried over into premarket trading, with gains nearing 25%, pushing SNAP shares to $14.20 from their closing price of $11.40.SNAP stock premarket gains on April 26. Source: Google FinanceFollowing this significant surge, investors are now pondering whether SNAP stock can reclaim ...