collected by :John Locas
“Snap Inc (SNAP) Receives $16.80 Consensus Target Price from Brokerages” was first published by Chaffey Breeze and is the sole property of of Chaffey Breeze.
The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $18.92.
Aegis started coverage on shares of Snap in a research note on Tuesday, February 28th.
Susquehanna Bancshares Inc started coverage on shares of Snap in a research note on Friday, March 3rd.
Atlantic Securities started coverage on shares of Snap in a research note on Tuesday, February 21st.
Snap has offered shares without voting rights to the public as it does not intend to dilute its decision making power.
This group of investors isn’t happy with the company’s offering of 200 million Class A shares that carry no voting rights.
Investors argue that the absence of voting rights completely bars a shareholder from speaking on the issues like company’s growth plans or compensation shelled out to executives.
She further added that “What we would like to see at the least is for the indexes to exclude new no-vote companies.”
Snap will have a three-tier share structure and founders Evan Spigel and Bobby Murphy will have the maximum voting rights through the ownership of Class C shares, which carry 10 votes per share.
The Snap Inc (SNAP) Now Covered by Susquehanna Bancshares Inc
Susquehanna Bancshares Inc’s price target suggests a potential downside of 7.45% from the stock’s current price.
Equities research analysts at Susquehanna Bancshares Inc assumed coverage on shares of Snap Inc (NYSE:SNAP) in a research report issued to clients and investors on Friday.
Vetr reissued a “strong sell” rating and issued a $20.84 target price on shares of Snap in a research note on Thursday, March 2nd.
Finally, Pivotal Research started coverage on shares of Snap in a research note on Friday.
Aegis started coverage on shares of Snap in a research note on Friday.