Home / news / 3 Stocks to Watch on Monday: Apple Inc. (AAPL), Snap Inc (SNAP) and United Continental Holdings Inc (UAL)

3 Stocks to Watch on Monday: Apple Inc. (AAPL), Snap Inc (SNAP) and United Continental Holdings Inc (UAL)

collected by :Molly Tony

Revenue Growth OpportunityMay believes the company will be able to generate revenues of over $13 billion, with close to $2.50 in adjusted EPS, by 2024, representing 44 percent 7-year revenue CAGR (compound annual growth rate).
The analyst initiated coverage of Snap Inc (NYSE: SNAP) with a Buy rating and price target of $27.
In addition, penetration across all demographics outside the U.S. is expected to offer a material growth opportunity.
The analyst believes there are five key positives for Snap.
“While user growth and audience scale may remain modest compared with Facebook Inc (NASDAQ: FB), the low rate of monetization currently and the high rate of engagement and penetration of Snapchat’s product within its core 13-24 age demo should enable significant revenue growth and margin leverage,” Citi’s Mark May said in a note.

as declared in

3 Stocks to Watch on Monday: Apple Inc. (AAPL), Snap Inc (SNAP) and United Continental Holdings Inc (UAL)

United Continental Holdings Inc (U AL )United Continental is in hot PR water after refusing to let two passengers on a plane.
JPMorgan Chase, which already has an “Overweight” rating on AAPL stock, raised its price target from $142 to $165, implying roughly 18% upside from current prices.
This morning, the spotlight moves to Apple Inc. (NASDAQ: AAPL ) and Snap Inc (NYSE: SNAP ), which have some new analyst optimism to boast, as well as United Continental Holdings Inc (NYSE: UAL ) … which right now likely wishes it could duck back into the shadows.
JPMorgan sees high pent-up replacement demand at the same time Apple is gearing up to launch a 10th-anniversary iPhone.
AAPL shares still are threatening to open Monday’s trading lower, along with the rest of the market.

Trio of Bullish Ratings Has Snap Inc Stock Flying High

as declared in A trio of bullish notes out on Monday about SNAP stock seems to have reassured the market.
On Monday morning, JMP Securities, Citi and RBC Capital Markets all initiated coverage of SNAP stock at either “outperform” or “buy.”
From March 2 to March 20, Nomura, Pivotal Research Group and Needham all initiated coverage on Snap stock with bearish outlooks.
Citi analyst Mark May isn’t concerned about user growth and says Snap should make for an incredible growth story over the next seven years.
One of the primary concerns bearish analysts have about Snap is the company’s declining user growth numbers in recent quarters, but Josey believes user growth will recover in time.

read more
visit us
Markets

Check Also

cheap stocks

Cheap stocks and its trading in financial markets

Cheap stocks, also known as Cent stocks, are ordinary shares of small public companies traded …