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Deutsche Bank Analyst Sees Improvement at Snapchat

By BenZinga
Capital Markets

Investors continue to pay close attention to user metric trends at Snap Inc (NYSE: SNAP) in light of Europe’s General Data Protection Regulation (GDPR) taking effect and a loss of users as of the first quarter.

The Analyst

Deutsche Bank’s Lloyd Walmsley maintains a Hold rating on Snap with an unchanged $12 price target.

The Thesis

Snap’s recent first-quarter report showed a loss of 2.8 million daily active users (DAUs) from the prior quarter, but tracking data compiled by Deutsche Bank shows a turnaround, Walmsley said in a research note. Specifically, the redesign …

Read the full story at Benzinga.

Photo: Getty iStock

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