Snap is an 'attractive candidate to go private' if management can’t reverse its usage trends, analyst says (SNAP)
Snap shares rallied Friday after receiving an upgrade from Pivotal Research.
The stock's current price makes the company an "attractive candidate to go private" if management can't reverse its usage trends, Pivotal Research said.
Shares have lost more than 60% of their value since Kylie Jenner tweeted her displeasure with the Snapchat app's redesign in February.
Watch Snap trade in real time here.
Snap shares rallied as much as 8.5% Friday after receiving an upgrade at Pivotal Research, who...
Snap can still find ways to reverse recent usage trends and generally improve monetization, but at the same time the company could become an attractive candidate to go private with the stock's price at current levels, said analyst Brian Wieser.
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