Stifel names Snap a top pick in digital advertising, projects stock can rebound 38%

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Jesse Pound@/in/jesse-pound@jesserpound
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People walk past Snap Inc. Snapchat signage displayed in downtown Los Angeles, California on October 2, 2021.
Patrick T. Fallon | AFP | Getty Images

The digital-advertising market is still showing strong growth, and Snap stands out as a beneficiary, according to investment firm Stifel.