Home / news / Top Analyst Initiates Outperform on Snap Inc (SNAP); Sees 34% Upside for the Stock

Top Analyst Initiates Outperform on Snap Inc (SNAP); Sees 34% Upside for the Stock

collected by :Molly Tony

Snap Inc (NYSE:SNAP) was downgraded by equities research analysts at Vetr from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.
Vetr‘s price target indicates a potential upside of 3.01% from the stock’s previous close.
Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $22.00 price objective on shares of Snap in a report on Friday.
Needham & Company LLC reissued an “underperform” rating on shares of Snap in a report on Thursday, March 16th.
They currently have a $20.53 target price on the stock.

according to

Snap Inc (SNAP) Stock Breaks the Seal With First Buy Rating

MoffettNathanson, Nomura and Needham all placed various versions of “sell” on the stock, while Susquehanna and Aegis Capital started SNAP stock off with “hold” ratings.
Snapchat parent Snap Inc (NYSE: SNAP ) headed more than 1% higher on Monday amid a first for the recent initial public offering darling: a buy rating, Specifically, Monness Crespi slapped a “Buy” on SNAP stock along with a $25 price target.
SNAP shares have struggled since coming public.
And InvestorPlace’s Vince Martin says Snap is among 10 battered stocks to buy that should join the rest of the market in rallying soon.
On the bull side, though, Cakmak says Snapchat may be able to grow revenues at up to 7x its competitors.

Top Analyst Initiates Outperform on Snap Inc (SNAP); Sees 34% Upside for the Stock

according to And the level of product innovation from SNAP has been extremely impressive, on both the consumer & advertiser side.
As such, the analyst initiates coverage on SNAP with an Outperform rating and a price target of $31, which implies a just under 34% upside from where the stock is currently trading.
When recommending SNAP, Mahaney earns 0.0% in average profits on the stock.
Out of 28 analysts polled by TipRanks in the last 3 months, 10 are bullish on Snap stock, 11 maintain a Hold, while 7 are bearish on the stock.
We believe SNAP has taken steps to ensure robust product innovation going forward.

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