Why Snap Stock Blasted Higher Again on Thursday
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Snap Inc. (SNAP) saw its stock rise over 4% on Thursday, outperforming the S&P 500's 1.7% increase. This surge followed a positive analyst report from Loop Capital's Alan Gould, who maintained a buy recommendation and price target for the stock. Gould highlighted encouraging growth in monthly active users, which increased by 100 million to 850 million since last year's summit. He also expressed optimism about Snap's augmented reality glasses and the potential for growth through content and ads unification efforts.
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