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. They currently have a $20.53 target price on the stock. Vetr‘s price target indicates a potential upside of 3.01% from the stock’s previous close.
A number of other brokerages have also issued reports on SNAP. Nomura started coverage on Snap in a report on Thursday, March 2nd. They issued a “reduce” rating and a $16.00 price objective for the company. Atlantic Securities started coverage on Snap in a report on Tuesday, February 21st. They issued a “neutral” rating for the company. 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. Finally, Moffett Nathanson started coverage on Snap in a report on Thursday, March 16th. They issued a “sell” rating and a $15.00 price objective for the company. Seven equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $19.22.
Snap (NYSE:SNAP) opened at 19.93 on Tuesday. The stock’s market cap is $16.66 billion. Snap has a 52-week low of $18.90 and a 52-week high of $29.44. The firm’s 50-day moving average price is $22.19 and its 200 day moving average price is $22.19.
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Snap Inc is a camera company. We believe that reinventing the camera represents our greatest opportunity to improve the way that people live and communicate. Our products empower people to express themselves, live in the moment, learn about the world, and have fun together. Our flagship product, Snapchat, is a camera application that was created to help people communicate through short videos and images.
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