collected by :Molly Tony
But a few individual stocks delivered outsized gains for investors, including Duluth Holdings (NASDAQ:DLTH), Snap Inc. (NYSE:SNAP), and Winnebago Industries (NYSE:WGO).
Winnebago keeps on truckingFinally, Winnebago Industries stock jumped 6.3% after the motor home manufacturer announced strong fiscal second-quarter 2017 results.
Snap analysts are piling onShares of Snapchat parent Snap Inc. climbed 7.1% after the company received its most encouraging analyst note yet.
Duluth’s comfortable earnings beatShares of the parent of Duluth Trading Company skyrocketed 14.3% after the company announced solid results for its fourth quarter ended Jan. 29, 2017.
Analysts, on average, were only expecting adjusted earnings of $0.34 per share on revenue of $163.1 million.
as declared in
Snap Stock: Next Stop, $25? — The Motley Fool
He’s slapping a $25 price target on Snap stock, suggesting 28% of upside off Friday’s close.
Snap stock had fallen in eight of the 10 previous trading days, slumping 27% over the past two weeks.
Cakmak gets the honor — or what history may revisit as the dishonor — of being the first Wall Street pro to put a buy rating on Snap stock.
Things would’ve been different if Snap stock had sustained the nearly 60% pop it experienced in its first two days of trading.
Snapchat’s parent company earned its first analyst buy rating on Monday, and it could not have come at a better time.
as declared in Slowing user growthThe decline of Twitter’s(NYSE:TWTR) stock taught us that social networks live and die by their active user growth.
If Snap can’t narrow its losses with such massive revenue growth, things could get very ugly once its top line growth slows down.
Without active user growth, advertisers start skipping the platform in favor of faster growing ones.
If Snap’s user growth peaks, it could possibly boost its number of marketing partners to generate higher ad revenues per customer.
Unrealistic revenue growth targetsSnap claims that it can generate $500 million to $1 billion in revenues in 2017.