Snap rated buy with $7.20 target as revenue and cash flow improve despite EU probes and ad growth concerns

Snapchat seen as undervalued with strong profit potential despite slow growth and sector doubts

Snapchat's revenue grew 12% year-over-year, driven by higher average revenue per user, though daily active users in North America declined and ad revenue growth stalled. Management is aggressively cutting costs to save $500 million annually, aiming t...