Barclays upgrades Snap, raises price target

Barclays upgrades Snap, raises price target

(NYSE:SNAP) news were published by: " which released: "Snap: "Is There Any Value Left?" on November 21, 2017, also with their article: "How The Snapchat Redesign Could Affect The Stock" published on December 05, 2017, published: "Investors ask: "Will Snap Inc. become Facebook â€" or Twitter?" on November 07, 2017. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Snap Inc (SNAP) traded down $0.34 during mid-day trading on Wednesday, reaching $14.60. About 51.52 million shares traded or 103.42% up from the average. Snap Inc has a 52 week low of $11.28 and a 52 week high of $29.44.

Snap (NYSE:SNAP) last announced its quarterly earnings data on Tuesday, November 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of ($0.31) by $0.17. The firm had revenue of $207.90 million during the quarter, compared to analyst estimates of $236.71 million. Finally, Hodges Capital Management Inc. acquired a new position in shares of Snap during the third quarter worth approximately $7,997,000. First Manhattan Co. lifted its holdings in Snap by 384.5% in the third quarter. JPMorgan Chase & Co. now owns 7,650,826 shares of the company's stock worth $110,556,000 after acquiring an additional 797,290 shares in the last quarter. WFG Advisors LP lifted its holdings in Snap by 52.4% in the second quarter. First Trust Advisors LP now owns 5,884,101 shares of the company's stock worth $85,555,000 after acquiring an additional 5,279,883 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Snap by 654.0% during the second quarter. Snap Inc. (SNAP) has 0.00% since December 6, 2016 and is.

A number of research analysts have issued reports on SNAP shares.

Читайте также: Stock'S Earning Overview Coeur Mining, Inc. (CDE)

Snap shares traded almost 6 percent higher in the premarket on Tuesday after Barclays said the social media company could hit a "turning point" next year. Evercore ISI assumed coverage on shares of Snap in a research note on Tuesday.

Snap Inc (NYSE:SNAP) stock soared on Tuesday after receiving an upgrade, not to Hold or Neutral, but to Overweight, an equivalent of Buy. SNAP's past Equal-Weight rating is has been discontinued by the brokerage firm. The company was maintained on Monday, December 4 by Canaccord Genuity.

Among 3 analysts covering Snap Inc (SNAP), 2 have Buy rating, 0 Sell and 1 Hold. $13.67's average target is -8.50% below currents $14.94 stock price. The disclosure for this sale can be found here. If you are accessing this piece of content on another site, it was copied illegally and reposted in violation of USA and worldwide copyright and trademark laws.

"We think the worst is behind SNAP and the company is likely to get back on track in 2018", Barclays said. It offers Snapchat, a camera application that helps people to communicate through short videos and images.

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