Snap shares pop after RBC says they are at an 'inflection point' and investors should buy them

Snap shares pop after RBC says they are at an 'inflection point' and investors should buy them

5 years ago
Anonymous $syBn1NGQOq

https://www.cnbc.com/2019/04/08/snap-shares-pop-after-rbc-says-they-are-at-an-inflection-point-and-investors-should-buy-them.html

Investors should buy Snap shares as the social media company's fundamentals should keep improving, according to RBC Capital Markets analyst Mark Mahaney.

"Return to growth in [daily active users] could spark re-acceleration in revenue. When coupled with ongoing gross margin expansion and operating loss reduction, we see the potential for a positive inflection point catalyzing SNAP shares," Mahaney wrote in a note to clients Friday.

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