Why Snap Stock Is Handily Beating the Market This Week

Why Snap Stock Is Handily Beating the Market This Week

As of noon on Friday, Snap stock is up 10% this week, according to data provided by S&P Global Market Intelligence, compared to the 2% positive return for the S&P 500. Analysts Thomas Champion and Doug Anmuth, of Piper Sandler and J.P. Morgan, respectively, are both encouraged by what they're seeing in the digital ad market, based on commentary they made early this week. Snap's ad rates have fallen as the U.S. economy has struggled.