Snap Stock Is Rallying, but Wall Street Has Worries. A New Bull Has an Answer.

Snap stock is on a tear, but Wall Street is still tentative, with 73% of analysts rating the social media company at Neutral, according to FactSet. Sustainable growth could curb those worries, one analyst team says. Wells Fargo analysts led by Ken Gawrelski upgraded Snap, the parent company of Snapchat, to Overweight from Equal Weight in a Sunday research report.