collected by :Molly Tony
The 12-month average price target stands at $18.19, marking a 21% downside from where the shares last closed.
With a return potential of 5%, the stock’s consensus target price stands at $145.79.
Based on 8 analysts polled by TipRanks in the last 3 months, 3 maintain a Hold on Snap stock while 5 issue a Sell.
When recommending SNAP, Seyrafi earns 0.0% in average profits on the stock.
Out of 37 analysts polled by TipRanks in the last 3 months, 28 are bullish on Apple stock, 7 remain sidelined, and 2 are bearish on the stock.
3 Stocks to Watch on Thursday: Snap Inc. (SNAP), Apricus Biosciences Inc (APRI) and e.l.f. Beauty Inc (ELF)
Heading into Thursday, Snap Inc. (NYSE: SNAP ) continues to stay in the spotlight, e.l.f.
Still, SNAP stock is far from out of the woods at this point.
SNAP shares are trending slightly lower in Thursday’s early trade.
The current debate being bandied about by experts right now is the lack of voting rights on Snapchat shares.
MSCI specifically has asked for feedback concerning investors’ thoughts on voting rights and index inclusion.
“However, it’s hard to envision Snap winning the AR OS battle given that they can’t offer incremental features beyond social to developers.
Social is their core competency, which, alongside content, are the two most important elements to winning the VR OS layer,” Munster surmises.
How will Snap Inc (NYSE:SNAP), Apple Inc. (NASDAQ:AAPL), and Facebook Inc (NASDAQ:FB) stand the test of time and revolutionary technology?
Munster asserts, “Communication is a key use case for AR, which represents Snap’s biggest advantage.
For this reason, we think it is Snap’s goal to do one thing extremely well: communication in AR.