Snap is going to soar 40% to its $17 IPO price, analyst says (SNAP)

Snap was up nearly 5% Monday morning after receiving an upgrade at RBC. The report listed five reasons for the upgrade and said Snap shares had a more than 40% upside. Watch Snap trade live. Snap's stock price is going to soar back to its initial-public-offering price of $17 a share, according to one Wall Street analyst. In a note sent out to clients on Monday, the RBC research analyst Mark Mahaney said shares of the camera company had a more than 40% upside. He upgraded Snap to...