The Snap Inc (SNAP) Rating Reiterated by Citigroup Inc

The Snap Inc (SNAP) Rating Reiterated by Citigroup Inc

Several other brokerages also recently commented on SNAP. Jefferies Group LLC restated a “buy” rating and issued a $30.00 target price on shares of Snap in a research note on Monday, April 17th. Barclays PLC restated a “sell” rating on shares of Snap in a research note on Friday, April 14th. Summit Research restated a “sell” rating and issued a $17.00 target price on shares of Snap in a research note on Tuesday, March 28th. Bank of America Corp began coverage on Snap in a research note on Monday, March 27th. They issued a “neutral” rating and a $25.00 target price for the company. Finally, CIBC restated a “market perform” rating on shares of Snap in a research note on Tuesday, March 28th. Eight investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and seventeen have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $21.91.

Snap Inc (NYSE:SNAP)‘s stock had its “buy” rating reaffirmed by stock analysts at Citigroup Inc in a report issued on Thursday, May 11th. They currently have a $24.00 price objective on the stock, down from their prior price objective of $27.00. Citigroup Inc’s price objective indicates a potential upside of 13.80% from the company’s current price.

Snap (NYSE:SNAP) opened at 21.09 on Thursday. Snap has a 1-year low of $17.59 and a 1-year high of $29.44. The firm has a 50-day moving average price of $21.18 and a 200-day moving average price of $21.48. The firm’s market capitalization is $24.86 billion.

Several large investors have recently bought and sold shares of SNAP. KPCB DGF Associates LLC bought a new stake in Snap during the first quarter worth approximately $40,911,000. Edge Wealth Management LLC bought a new stake in Snap during the first quarter worth approximately $257,000. Prospera Financial Services Inc bought a new stake in Snap during the first quarter worth approximately $418,000. Narwhal Capital Management bought a new stake in Snap during the first quarter worth approximately $282,000. Finally, Essex Investment Management Co. LLC bought a new stake in Snap during the first quarter worth approximately $2,012,000. About Snap

Snap Inc, formerly Snapchat, Inc, is a camera company. The Company’s flagship product, Snapchat, is a camera application that helps people to communicate through short videos and images known as a Snap. The Company offers three ways for people to make Snaps: the Snapchat application, Publishers Tools that help its partners to create Publisher Stories, and Spectacles, its sunglasses that make Snaps.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “SNAP”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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