Snapchat parent Snap slides below IPO price

SNAP IPO 11

SNAP IPO 11

Eleven rate it "buy" or higher and seven have a "sell" or lower recommendation. He thinks shares could fetch $22, almost 40% above current levels. BlackRock Inc. bought a new position in Snap during the first quarter valued at about $211,934,000.

Among 36 analysts covering Snap Chat (NYSE:SNAP), 15 have Buy rating, 4 Sell and 17 Hold. Monness Crespi & Hardt assumed coverage on Snap in a report on Monday, March 20th. Benjamin F. Edwards & Company Inc. purchased a new position in Snap during the first quarter valued at $158,000. Finally, Credit Suisse Group reiterated an outperform rating and issued a $25.00 price objective (down from $30.00) on shares of Snap in a report on Monday. Morgan Stanley lowered shares of Snap from an "overweight" rating to an "equal weight" rating and set a $16.00 price target for the company.in a research note on Tuesday. Snap presently has a consensus rating of "Hold" and a consensus target price of $21.34. Global X Management Co.

Shares of Snap Inc. The correct version of this news story can be accessed at https://www.com-unik.info/2017/07/14/stifel-nicolaus-downgrades-snap-inc-nysesnap-to-hold.html.

However, Devitt says he believes Snap's growth remains stable, as he has seen downloads of the app remain stable in the markets where the company makes the most money from its users. The company had revenue of $149.60 million during the quarter, compared to analysts' expectations of $158.32 million. The company was maintained on Thursday, June 29 by Drexel Hamilton.

After eight straight days of declines that left shares of Snapchat's parent company down almost 15 percent, below their $17 initial public offering price, Snap's stock on Thursday got a boost from a bullish analyst's report. The firm's quarterly revenue was up 285.6% on a year-over-year basis. Equities analysts forecast that Snap will post ($0.56) EPS for the current year.

WARNING: This news story was originally published by Stock Observer and is owned by of Stock Observer. If you are reading this story on another website, it was illegally stolen and reposted in violation of United States and worldwide copyright law. They issued a "neutral" rating and a $20.00 price objective on the stock.

"Our Stories, one of three types of content on Snapchat's Discover platform, are compilations of Snaps submitted from Snapchatters at events and locations around the world, and curated by teams of editors and producers at Snapchat", F1's press release explained. The Company's flagship product, Snapchat, is a camera application that helps people to communicate through short videos and images known as a Snap. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Snap Inc. and related companies with our FREE daily email newsletter.

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