Snap stock rallied by more than 5 percent on bullish analyst coverage Monday / Maurizio Pesce, Flickr CC BY-SA 2.0
Shares in Snap, Inc. (NYSE: SNAP) jumped by more than 5 percent, on heavy volume, today / Charles Rondeau, PublicDomainPictures.net
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Eight Wall Street firms initiated coverage on Snap, Inc. (NYSE: SNAP) stock today; shares spiked by more than 5 percent on heavy volume, with RBC Capital putting a $31 price target on the shares.

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