Snap Inc. shares rallied 5.9% in Tuesday trading after analysts at Barclays upgraded the stock to overweight from equal weight. The firm is upbeat on Snap’s decision to redesign its app and sort content in an algorithmic way, rather than in chronological order. The analysts noted that Twitter and Instagram “benefited greatly” from similar shifts. Barclays also expects the company to start meeting Wall Street’s revenue expectations and post accelerating growth. “In short, we think the worst is behind Snap and the company is likely to get back on track in 2018,” the analysts wrote. Snap shares have lost 15.5% of their value since the company’s March IPO. The S&P 500 is up 11% in that time.
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