The firm set a $43.00 price target as Nomura analysts noted that the move was a valuation call.
The shares, which are still down more than 45% so far this year, slid in recent weeks after lockup restrictions on the stock expired and amid investor concerns that user growth is decelerating for the company, Bloomberg reported.STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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