Snap Inc (NYSE:SNAP)‘s stock had its “positive” rating restated by stock analysts at Drexel Hamilton in a report issued on Monday. They currently have a $30.00 price target on the stock. Drexel Hamilton’s price objective would suggest a potential upside of 31.93% from the company’s previous close.
A number of other equities research analysts have also recently issued reports on SNAP. Needham & Company LLC assumed coverage on Snap in a report on Monday, March 6th. They set an “underperform” rating and a $28.37 price objective for the company. Susquehanna Bancshares Inc began coverage on shares of Snap in a research report on Friday, March 3rd. They issued a “neutral” rating and a $22.00 price target for the company. Atlantic Securities downgraded shares of Snap from a “neutral” rating to an “underweight” rating and set a $14.00 price target for the company. in a research report on Friday, March 3rd. FBN Securities began coverage on shares of Snap in a research report on Thursday, March 9th. They issued a “hold” rating and a $23.00 price target for the company. Finally, Morgan Stanley began coverage on shares of Snap in a research report on Monday. They issued an “overweight” rating and a $28.00 price target for the company. Eight equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $21.52.
Snap (NYSE:SNAP) opened at 22.74 on Monday. Snap has a one year low of $18.90 and a one year high of $29.44. The stock has a 50 day moving average price of $22.01 and a 200-day moving average price of $22.01. The firm’s market capitalization is $19.01 billion.
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.