Snap Stock Surges Following Strong Q1 Results

Snap's shares soared after reporting a significant increase in revenue and user growth, beating analysts' expectations.

Snap's Q1 revenue jumped 21% year-over-year, reaching $1.2 billion, surpassing analyst forecasts.
Daily active users increased to 422 million, a 10% rise from the previous year.
Snapchat+ subscriptions more than tripled, indicating strong growth in premium services.
Analysts raised their price targets for Snap's shares, reflecting optimism about future performance.
Despite the surge, some analysts remain cautious, citing the company's history of volatile financial results.