NEW YORK, NY / ACCESSWIRE / December 6, 2017 / Shares of Snap were on fire in Tuesday trading after a Barclay's analyst said that the worst is behind the company, which has been struggling since its IPO. Shares of Twitter also closed in the green after revealing this year's most liked and retweeted tweets.

RDI Initiates Coverage on:

Snap Inc.
https://rdinvesting.com/news/?ticker=SNAP

Twitter, Inc.
https://rdinvesting.com/news/?ticker=TWTR

Snap Inc. shares closed up about 10% on Tuesday with nearly 52 million shares traded. Trading volume was more than double compared to average. The stock got a boost in trading price after a Barclays analyst upped his priced target on the stock from $11 to $18. Analyst Ross Sandler believes 2018 could be a big turnaround for the company. "We think the worst is behind Snap and the company is likely to get back on track in 2018," the firm says. Sandler also wrote, "Snap is making the right moves around ad innovation yet you can't see it in their results because of the negative price impact from the transition to auction." He added, "In short, Snap might be in a position to accelerate daily-active-user growth by 2H18 and we are willing to take the leap ahead of that." It was last week that Snap announced that its new app redesign would separate content from friends and content from publishers into separate feeds.

Access RDI's Snap Inc. Research Report at:
https://rdinvesting.com/news/?ticker=SNAP

Twitter, Inc. shares closed up 1.81% yesterday on nearly 10.7 million shares traded. The company has revealed that a Kremlin-backed agency made dozens of accounts posing as local American outlets which then published fake news and gained more than half a million followers along the way. The social networking site also revealed that President Trump was the most tweeted about global leader this year and that former President Barack Obama had two of the three most liked tweets. One of his tweets was, "No one is born hating another person because of the color of his skin or his background or his religion..." The former leader had nearly 4.6 million likes for this Nelson Mandela quote. Obama was also ranked the third-most-followed Twitter account behind @katyperry and @justinbieber.

Access RDI's Twitter, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=TWTR

Our Actionable Research on Snap Inc. (NYSE: SNAP) and Twitter, Inc. (NYSE: TWTR) can be downloaded free of charge at Research Driven Investing.

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