Snap upgraded to buy as analyst says Instagram isn't taking users

NATION-WORLD                   3 hours ago     
       TALK TO YOUR TEEN ABOUT SNAPCHAT GHOST MODE AND TRACK THEIR TIME         
        Snap Map —> Ghost

NATION-WORLD 3 hours ago TALK TO YOUR TEEN ABOUT SNAPCHAT GHOST MODE AND TRACK THEIR TIME Snap Map —> Ghost

Snap Inc (NYSE:SNAP) has drawn bearish coverage from seemingly every Wall Street analyst as of late, but one firm is going against the grain and actually upgrading the stock today. Canaccord Genuity maintained the stock with "Hold" rating in Monday, May 15 report. Snap Inc.is headquartered in Venice, California.

A number of other research firms have also commented on SNAP. They set a "buy" rating and a $25.00 price target for the company.

On Tuesday, the stock got crushed after Morgan Stanley, which led the company's IPO in March, cut its rating on the shares to neutral from buy and slashed its price target to $16, down from $28. The stock of Snap Inc (NYSE:SNAP) has "Neutral" rating given on Friday, March 3 by Susquehanna. Oppenheimer Holdings, Inc. restated an outperform rating and set a $23.00 target price on shares of Snap in a research report on Tuesday. Nine investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and sixteen have issued a buy rating to the company's stock. They set a "sell" rating and a $15.00 price target on the stock.

Snapchat parent Snap slides below IPO price
Formula 1 strikes deal with Snapchat

Additionally, he sees strong user engagement on Snapchat, with users creating more than three billion Snaps per day, up from 2.5 billion in the third quarter of 2016. Also important to keep in mind is the fact that approximately 711 million shares could come into the market after a standard lock-up period. The firm has a 50-day moving average of $19.18 and a 200 day moving average of $20.72. Between Jan. 1 and March 29 of this year, Snapchat was ranked in the Top 10 most-downloaded apps in the 10 biggest markets 14 times, according to App Annie. Aegis Capital maintained Snap Inc (NYSE:SNAP) rating on Wednesday, June 21. The company reported ($2.31) earnings per share for the quarter, missing the Zacks' consensus estimate of ($2.05) by $0.26. The company had revenue of $149.60 million for the quarter, compared to analyst estimates of $158.32 million. The company'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.

COPYRIGHT VIOLATION WARNING: "Snap Inc".

"Right from the start, we have said we want to work with partners to bring fans closer to the wonderful show that is Formula 1, an incredible mix of technology and individual talent - and Snap fits that bill". If you are viewing this news story on another publication, it was copied illegally and reposted in violation of US & global copyright legislation. The correct version of this story can be accessed at https://www.chaffeybreeze.com/2017/07/13/snap-inc-snap-rating-reiterated-by-royal-bank-of-canada.html. Perhaps investor sentiment would change if traders tried on augmented-reality bunny ears or played around with the company's Bitmoji avatars. The stock had a trading volume of 6,032,442 shares.

Jimbo Fisher takes Nick Saban's FSU-SEC comparison in stride
Those two programs are resourced differently than any other programs in our conference. "I think we're No. 1 right now". Fisher said the practices were competitive because of the highly touted players on both sides of the football.

Recommended News

  • Geen extra anti-terrorisme maatregelen rondom EK-wedstrijden in Deventer

    Geen extra anti-terrorisme maatregelen rondom EK-wedstrijden in Deventer

    Mocht er aanleiding zijn om extra veiligheidsmaatregelen te treffen worden deze zichtbaar en onzichtbaar doorgevoerd. Het Europees Kampioenschap voor vrouwen begint komende zondag met de wedstrijd Nederland-Noorwegen.
    Celtic boss 'sad' fans to miss out on Linfield clash at Windsor

    Celtic boss 'sad' fans to miss out on Linfield clash at Windsor

    Wherever they travel around the world the supporters are renowned for travelling in big numbers and behaving themselves. So it was a question of how I could help the players deal with this pressure, the mental side of the game.
    Tour de France - stage 12: Bardet victor , Aru yellow

    Tour de France - stage 12: Bardet victor , Aru yellow

    Aru collected bonus seconds for his placing and now leads Froome by six seconds in the general classification. But Frenchman Romain Bardet, who is third overall behind race leader Chris Froome , was not so fortunate.
  • Federer rolls Raonic, Murray crashes out, injured Djokovic quits at Wimbledon

    Federer rolls Raonic, Murray crashes out, injured Djokovic quits at Wimbledon

    That was probably just where the Scot lost the clash even though he managed to close out the third set in a tie-break. This will be the American's first-ever semifinal despite playing his 42nd Grand Slam tournament.

    Wimbledon 2017: Venus Williams books final date with Garbine Muguruza

    Then, at the Australian Open this January, Williams appeared in the final, where she lost to - yes, you guessed it - her sister. On Saturday, Williams will play Spain's Garbine Muguruza , who beat Slovakia's Magdalena Rybarikova in the first semifinal.
    Anderson Cooper Gets Fed Up With Trump Official Dodging His Questions

    Anderson Cooper Gets Fed Up With Trump Official Dodging His Questions

    He then doubled down on calling CNN "fake news", saying he was "sad" to see the network "fall to this". Where are the Walter Cronkites of yesteryear? This is just about ratings and money.
  • Irak: oorlogsgeweld heeft catastrofale gevolgen voor burgers in Mosul

    Irak: oorlogsgeweld heeft catastrofale gevolgen voor burgers in Mosul

    De bange ogen van de uitgeputte en hongerige kinderen vertellen een verhaal dat een burger uit Europa eigenlijk niet horen wil. De internationale coalitie tegen Islamitische Staat heeft maandag verheugd gereageerd op de herovering van Mosul.
    Jerusalem shooting: Attack near Old City leaves three dead, police says

    Jerusalem shooting: Attack near Old City leaves three dead, police says

    In that time, Israeli forces have killed more than 254 Palestinians, majority said by Israel to be attackers. While a number of attacks have occurred around Jerusalem's Old City, they have often involved knives.

    Fitbit (NYSE:FIT) Receiving Somewhat Positive Media Coverage, Analysis Finds

    According to analysts Fitbit Inc (NYSE:FIT)'s minimum EPS for the current quarter is at $-0.16 and can go high up to $-0.08. Also, Director Steven Joseph Murray sold 500,000 shares of the company's stock in a transaction on Friday, May 26th.
  • Judge: Grandparents excluded from Trump travel ban

    Judge: Grandparents excluded from Trump travel ban

    It set off massive protests at airports around the country and immediately sparked a sprawling, ongoing legal fight. The Government's definition excludes them. 'Indeed grandparents are the epitome of close family members'.

    (NASDAQ:INTC) Stake Raised by Wagner Bowman Management Corp

    Metropolitan Life Insurance New York stated it has 0% in Alltel Corporation (Old) (NYSE:AT). (NASDAQ:QCRH) for 8,625 shares. The stock of Intel Corporation (NASDAQ:INTC) earned "Sector Perform" rating by RBC Capital Markets on Friday, January 15.
    Airbnb host faces repercussions after sending racist message to cancel reservation

    Airbnb host faces repercussions after sending racist message to cancel reservation

    Barker delivered her anti-Asian comment after Suh told her she would report the abrupt cancellation to Airbnb . Airbnb banned Barker from using its services, and the DFEH launched an investigation and acted as a mediator.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.