Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Snap (SNAP) Stock Price

Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Snap (SNAP) Stock Price

They now have a $30.00 price target on the stock. They set a "market perform" rating and a $23.48 price target on the stock. While it was just one quarter, analysts' concerns could grow regarding the company's path to profitability depending on the results in upcoming quarters.

Snap Inc has suffered from falling stock prices since floating on the U.S. stock market earlier this year.

A number of other research analysts have also weighed in on SNAP.

Revenue at the California-based company more than doubled to $182 million while its loss soared to $443 million in the quarter that ended June 30, according to an earnings release. Drexel Hamilton restated a "buy" rating and issued a $30.00 target price on shares of Snap in a research note on Thursday, May 11th.

Snap has been in an nearly constant slide since its initial public offering and is down 20.6% from its $US17 IPO price. Nine equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and fifteen have issued a buy rating to the company.

Shares of Snap (NYSE SNAP) traded down 1.33% during midday trading on Thursday, hitting $13.38. The company's stock had a trading volume of 50,251,356 shares.

In fact, the social media company has more analysts covering it than it has billions of dollars in market cap. Snap has a 52 week low of $11.90 and a 52 week high of $29.44.

Snap (NYSE:SNAP) last announced its quarterly earnings data on Wednesday, May 10th. That meant that, while the average revenue per user it earned went up, the companies free cash flow also declined. The firm's revenue for the quarter was up 285.6% compared to the same quarter past year.

TRADEMARK VIOLATION WARNING: This news story was originally posted by Rincon Hill News and is the property of of Rincon Hill News. "(SNAP) Stock Rating Reaffirmed by Summit Redstone" was published by Stock Observer and is owned by of Stock Observer. If you are reading this article on another publication, it was stolen and republished in violation of United States and global copyright & trademark legislation. The correct version of this news story can be viewed at https://stocknewstimes.com/2017/08/10/snap-inc-nysesnap-upgraded-to-buy-by-vetr-inc.html.

Large investors have recently made changes to their positions in the stock.

Related News:

  • Robert Jeffress: Trump has moral authority to kill North Korean dictator

    In July, his church choir and orchestra performed a song called "Make America Great Again" at the John F. More recently, Jeffress was among a group of pastors who laid hands on the president in the Oval Office.
    Apple's OLED iPhone launch to be delayed to November

    Apple's OLED iPhone launch to be delayed to November

    Drexel Hamilton reaffirmed a "buy" rating and issued a $208.00 target price on shares of Apple in a research report on Wednesday. Considering that this is the tenth anniversary iPhone , Apple is expected to introduce many innovations in it.
    How major US stock market indexes fared Wednesday

    How major US stock market indexes fared Wednesday

    After the bell, Twenty-First Century Fox shares were up 0.7 percent following the release of its results. In the cash market, the blue chip Dow Jones Industrial Average closed at 22085.34, down 33.08 or -0.15%.
  • Nikkei flat as North Korea fears recede; financial stocks tumble

    Nikkei flat as North Korea fears recede; financial stocks tumble

    The Commerce Department said wholesale inventories climbed by 0.7% in June after rising by an upwardly revised 0.6% in May. Trump is "extremely getting on the nerves" of his soldiers with the " fire and fury " comments, he said .
    Battlefield 1 Added to EA and Origin Access

    Battlefield 1 Added to EA and Origin Access

    Battlefield 1's explosive multiplayer action focuses on team play and unique combat roles on land, in the sky, and at sea. If you've held off getting Battlefield 1 , dropping four quid to download it and play for a month is a decent option.
    Single-family rental rivals Invitation Homes and Starwood Waypoint Homes to merge

    Single-family rental rivals Invitation Homes and Starwood Waypoint Homes to merge

    Daiwa Securities Group Inc. bought a new stake in shares of Invitation Home during the first quarter valued at about $66,012,000. Invitation Homes and Starwood Waypoint Homes announced on Thursday the stock-for-stock deal, also known as a merger of equals.
  • IAAF robbed me, Botswana athlete, Makwala alleges

    IAAF robbed me, Botswana athlete, Makwala alleges

    German Triple Jumper Neele Eckhardt collapsed but was well enough to compete on Saturday, and took part in Monday's final.
    Overwatch Deathmatch & Team Deathmatch Modes Coming Soon to the Arcade

    Overwatch Deathmatch & Team Deathmatch Modes Coming Soon to the Arcade

    It will likely be released to the Public Test Region (PTR) servers first before Blizzard makes it accessible to everyone. You aren't playing to push a payload, you're looking to grab as many kills as you can, as fast as you can.
    18-Wheeler Spills Frozen Pizza Over Arkansas Highway

    18-Wheeler Spills Frozen Pizza Over Arkansas Highway

    By that time, traffic had backed up past the I-30/Interstate 530 interchange. "It smelled like a pizzeria out there", he said. Highway officials shut down westbound lanes of a cross-country interstate for four hours so crews could pick up pizza.
  • James Harden Revealed as NBA Live 18 Cover Star, Release Date Announced

    James Harden Revealed as NBA Live 18 Cover Star, Release Date Announced

    Through intense dedication to the sport and his fiercely competitive nature, Harden embodies The One for Houston and its fans. NBA Live 18 is all about creating your own identity and making your mark on the league, and I can definitely relate to that.
    Gene editing may make pig-to-human organ transplants a reality

    Gene editing may make pig-to-human organ transplants a reality

    Next, the company needs to make sure it can consistently replicate virus-free pigs, which it's already well on its way to doing. Alternatively, human cells populating the germline of an animal could enable human genes to pass onto offspring.

    NZ air force detachment on Guam, island threatened by North Korea

    For the moment, U.S military officials sought to play down the potential for military conflict. He said that Guam and Washington are working together to secure the Pacific island.


Most liked

North Korea to ASEAN: Be impartial, practical on denuclearization issue
Ambassador Nikki Haley, because the negotiations involved convincing China, North Korea's most vital trade partner, to go along. This is a "fundamentally flawed policy" the United States has been pursuing for four decades, Person added.

God stops by Colbert to talk Donald Trump and nuclear war
Last night on The Late Show , host Stephen Colbert spoke about the missile crisis in North Korea that everyone's getting anxious about.

READ: Trump 'Thanks' Putin For Expelling Over 750 American Diplomats
He said they had to leave by 1 September, bringing staff levels to 455, the same as Russia's complement in Washington. At the time, the US State Department said the move was a "regrettable and uncalled for act".

Climate change report leaked amid fears Trump admin would suppress it
Department of Agriculture telling staff to avoid using the term "climate change" and instead use the term "weather extremes". The New York Times published the report this morning after obtaining a copy (a full copy of which appears below).

Boston Celtics to travel to London for regular-season game against 76ers
The Sixers will be designated as the home team in the game, which will be broadcast locally on Comcast SportsNet and 97.5 The Fanatic.

LawBreakers' Steam Player Numbers are Worrying at Launch
Boss Key Studios and publisher Nexon have already acknowledged that they are aware of the problem and looking to fix it. A tweet from Boss Key suggests the problem is limited to "when players change roles/leave match".

New Immigration Bill Will Prevent 400000 Filipinos From Entering the US
The Raise Act would reduce the number of legal immigrants by almost 50 percent over the next decade, according to its author, Sen. It would have to get congressional approval for it to make it to the desk of Trump, according to The White House website.

The Eldorado Gold Corporation (NYSE:EGO) Upgraded to "Hold" at ValuEngine
Finally, First Eagle Investment Management LLC increased its stake in Eldorado Gold Corporation by 19.8% in the second quarter. On average, equities research analysts predict that Eldorado Gold Corporation will post $0.05 EPS for the current year.

Dow streak of records ends amid US-North Korea tensions
G4S shares fell 4.7% despite the security group reporting first-half profit up 7.6% and saying its turnaround was on track. North Korea expressed outrage at the U.N. vote, vowing to launch "thousands-fold" revenge against the United States.

Chris Brown Faces Backlash After Commenting on Rihanna's Picture
Another fan tagged another of Rihanna's exes, Drake, into the fold but thankfully, he was smart enough not to get involved. Rihanna's fans slammed the Young Money artist by telling her that Lil Kim is the original blue-wig-wearing superstar.

Tottenham Hotspur: Is Mauricio Pochettino's Spurs Team Now a Selling Club?
It means Tottenham will have to make a change in midfield and find somebody to partner Mousa Dembele. Spurs kick off their campaign on Sunday, with a match against newly promoted Newcastle United at St.

Bollywood actor Sitaram Panchal of 'Peepli Live' fame dies
Unfortunately, this 54-year-old actor had not been working for the past 10 months owing to his ailing health. In his last Facebook post on July 20, the actor thanked his friends and film fraternity for their concerns.

Strong Investor Interest Reported in Tesla's $1.5 Billion Bond Issue
As Musk announced Model 3 and a bond issue raising $1.5 billion, many market analysts were skeptical about the bond issue. Tesla is raising $1.5 billion as it ramps up production of the Model 3 sedan, its first mass market electric vehicle .

Chelsea's Willian: Jose Mourinho wanted me at Manchester United
Mourinho is a manager who likes more ball practice, playing ball possession and playing short games. "Each one has his merits". If I have a new opportunity to work with him, it will be my pleasure.

U.S. bombers with Korea, Japan jets show ready to 'Fight Tonight'
South Korean defense officials said the B-1B's latest flight in the nation's aerospace was part of a regular combined exercise.