Snap Purchases Digital Mapping Company StreetCred
Snap will take on four of the company s team members, including co-founder Randy Meech and Diana Shkolnikov.
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Snapchat parent company Snap Inc (
SNAP) - Get Report confirmed Monday afternoon it had purchased StreetCred, a New York City-based location data startup.
The acquisition, terms of which were not disclosed, will result in four StreetCred team members, including co-founders Randy Meech and Diana Shkolnikov, joining Snap, where they will work on map and location-related products, Snap confirmed to TechCrunch.
The biggest project the foursome will work on will be the strategy of the Snap Map, which allows users to view public snaps from a given area and to share their location with followers.
Analysts led by
Adam Jonas lifted their price target on the automaker s shares to $810 from $540, implying a 10% climb over the next 12 months from Tuesday s closing level. The new target is now the highest among Wall Street analysts and follows Tesla s 740% surge in 2020.
Morgan Stanley also boosted its forecasts for deliveries to 5.2 million vehicles by 2030 from 3.8 million. The range of possibilities is admittedly high, but Tesla is still poised to outperform its rivals in the new year, the analysts said in a note to clients.
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Better-than-expected deliveries in the fourth quarter signal continued demand for its electric cars. The $5 billion in funds raised in 2020 will help develop two new factories and sustain the automaker s sales momentum, the bank added.
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Shares of Roku (
ROKU) - Get Report jumped Thursday after the streaming-content provider’s price target was raised to a Wall Street-high of $410 at Benchmark on expectations that the inclusion of HBO Max on the company’s platform will help boost revenue and earnings.
Roku stock gained more than 7% after Benchmark analyst Daniel Kurnos lifted his one-year price target to $410 from $300 on what he expects to be “significant upside surprise in 4Q.”
Roku and WarnerMedia on Wednesday announced an agreement to bring HBO Max to the Roku platform. As of Thursday, Roku users will be able to download the HBO Max app from the Roku channel store and subscribe directly on their Roku device to access all of HBO Max. The service costs $15 a month.