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Snapchat will surge 45% on product-driven revenue growth, Goldman Sachs says

Snapchat will surge 45% on product-driven revenue growth, Goldman Sachs says

Reuters Snapchat's parent company Snap Inc. will surge 45% as its product developments drive faster than expected revenue growth, Goldman Sachs said in a note on Monday. Goldman reiterated its Buy rating on shares of Snap and set a $7o price target for the company. The note from Goldman helped stage a 11% rally...

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