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Fly News Breaks for July 15, 2019
SNAP
Jul 15, 2019 | 08:45 EDT
Morgan Stanley analyst Brian Nowak said he underestimated Snap's "impressive" turnaround and he raised his estimates after his analyses pointed to better growth in users, revenue and EBITDA. While he also raised his price target on the stock to $13 from $9, Nowak still believes that even if Snap hits his above-consensus estimates that long-term EBITDA valuation points to multiple compression and he keeps an Underweight rating on the shares.
News For SNAP From the Last 2 Days
