Snap (SNAP) “Outperform” Rating Maintained Today By Credit Suisse; The Target Price per Share is $15

August 9, 2018 - By Billy Entrekin

Snap (SNAP) Rating Reaffirmed

In an analyst report shared with investors on Wednesday, 8 August, The “Outperform” rating of Snap (SNAP) shares was restate by Credit Suisse, who now has a $15 target price on the stock. Credit Suisse’s target price would suggest a possible upside of 19.14 % from the previous stock close of the company.

Snap Inc. (NYSE:SNAP) Ratings Coverage

Among 13 analysts covering Snap (SNAP), 1 have Buy rating, 5 Sell and 7 Hold. Therefore 8% are positive. Snap has $21 highest and $8 lowest target. $12.05’s average target is -4.29% below currents $12.59 stock price. Snap had 19 analyst reports since February 20, 2018 according to SRatingsIntel. On Wednesday, August 8 the stock rating was maintained by Credit Suisse with “Outperform”. The rating was maintained by Credit Suisse with “Outperform” on Friday, April 20. The rating was downgraded by Oppenheimer to “Perform” on Wednesday, May 2. The firm earned “Sell” rating on Wednesday, May 2 by Summit Insights Group. SunTrust maintained it with “Hold” rating and $1500 target in Monday, April 2 report. The firm has “Underweight” rating given on Thursday, April 19 by Morgan Stanley. The rating was upgraded by Deutsche Bank on Monday, April 30 to “Hold”. The stock of Snap Inc. (NYSE:SNAP) earned “Hold” rating by SunTrust on Monday, April 30. Deutsche Bank maintained Snap Inc. (NYSE:SNAP) on Wednesday, June 6 with “Hold” rating. The company was maintained on Wednesday, August 8 by Stifel Nicolaus.

The stock increased 2.90% or $0.36 during the last trading session, reaching $12.59. About 14.72 million shares traded. Snap Inc. (SNAP) has declined 51.16% since August 9, 2017 and is downtrending. It has underperformed by 63.73% the S&P500.

Snap Inc. operates as a camera company. The company has market cap of $15.98 billion. It offers Snapchat, a camera application that helps people to communicate through short videos and images. It currently has negative earnings. The firm also provides a suite of content tools for partners to build, edit, and publish snaps and attachments based on editorial content; and Spectacles, which are sunglasses that capture video from a human perspective.

More notable recent Snap Inc. (NYSE:SNAP) news were published by: Benzinga.com which released: “BTIG Maintains Neutral Snap Thesis Ahead Of Q2 Report, But ‘Patience Is Wearing Thin'” on August 07, 2018, also Seekingalpha.com with their article: “Snap: Headline Beat A Big Bust” published on August 08, 2018, Seekingalpha.com published: “Snap First Look: I Hate To Be That Guy” on August 08, 2018. More interesting news about Snap Inc. (NYSE:SNAP) were released by: Fool.com and their article: “Roku Rocks Where Snap Got Socked” published on August 09, 2018 as well as Seekingalpha.com‘s news article titled: “Snap Inc.: The Next Shoe To Drop?” with publication date: August 07, 2018.

Snap Inc. (NYSE:SNAP) Ratings Chart

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