Snap Inc (SNAP) PT Raised to $13 at Credit Suisse

Credit Suisse analyst Stephen Ju raised the price target on Snap Inc (NYSE: SNAP) to $13.00 (from $10.50) while maintaining a Outperform rating after previewing Q1 results.

• 2019 EPS is now ($0.39) vs. prior ($0.50).
• Snap recently released an updated version of its Android App, which will place it in a better position to address user demand across the globe.
• They now expect 3mm incremental users for 2019 vs 1.5mm decrease previously

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