Research analysts at Morgan Stanley started coverage on shares of Snap Inc (NYSE:SNAP) in a research report issued to clients and investors on Monday. The brokerage set an “overweight” rating and a $28.00 price target on the stock. Morgan Stanley’s target price indicates a potential upside of 17.50% from the stock’s previous close.
SNAP has been the topic of several other reports. Piper Jaffray Companies initiated coverage on Snap in a research report on Thursday. They set a “neutral” rating and a $23.00 price target on the stock. They noted that the move was a valuation call. Pivotal Research reaffirmed a “sell” rating and issued a $10.00 target price on shares of Snap in a research report on Saturday, March 11th. Vetr raised Snap from a “hold” rating to a “buy” rating and set a $20.33 target price on the stock in a research report on Monday, March 20th. OTR Global started coverage on Snap in a research report on Thursday. They issued a “positive” rating and a $20.00 target price on the stock. Finally, Susquehanna Bancshares Inc started coverage on Snap in a report on Friday, March 3rd. They set a “neutral” rating and a $22.00 price target on the stock. Eight equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirteen have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $23.10.
Snap (NYSE:SNAP) traded up 4.79% during mid-day trading on Monday, reaching $23.83. 48,398,210 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $22.11 and its 200-day moving average price is $22.11. Snap has a 52 week low of $18.90 and a 52 week high of $29.44. The company’s market capitalization is $19.92 billion.
Snap Company Profile
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.