Snap Stock Surges 12%: Here’s Why You Shouldn’t Trust This Rally

Snap. Inc shares are soaring after analysts at BTIG have turned bullish on the outlook for Snapchat. Up more than 12% on the day, there were a couple of notes from BTIG analyst Richard Greenfield that got volumes surging in the fledgling tech company. In my view, the logic of his reasoning could be sound in the near term, but his $15 price target looks a stretch, and he could potentially be misunderstanding what is really going on with SNAP. BTIG Upgrade Snap Inc. Price Forecast to Bullish from Neutral Here are some soundbites from his opinion and why they

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