Wall Street analysts were mostly caught off guard by Snap's better than expected earnings report after the bell on Tuesday. The technology and social media company posted a solid quarterly user base.
But Raymond James upgraded the stock to market perform from underperform citing," Stabilizing DAU (Daily Active User) trends and redesign of Android could drive an improvement in 2019. "RBC's Mark Mahaney went to compare Snap to another social media giant saying," "Is This TWTR At The Beginning of" 17?! "
"The pieces may be in place. A successful ads platform auction transition, ongoing product innovation (for both advertisers and users), and Android platform improvements rolling out," Mahaney added.
Here's what the analysts think: