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SNAP

Snap

$15.69

0.45 (2.95%)

06:47
07/14/17
07/14
06:47
07/14/17
06:47

Cowen downgrades Snap after cutting advertising revenue estimates

Cowen analyst John Blackledge downgraded Snap to Market Perform from Outperform and cut his price target for the shares to $17 from $21. The shares closed yesterday up 45c to $15.69 after Stifel upgraded the name to Buy. Blackledge lowered his 2017 and longer-term advertising revenue estimates for Snap to reflect a more competitive environment within Digital advertising. He also believes contribution from the company's new advertising monetization products like Direct Response and Self Serve are not likely to be meaningful in the near term. Snap's longer term opportunity remains significant, however, Blackledge tells investors in a research note.

  • 19

    Jul

  • 10

    Aug

SNAP Snap
$15.69

0.45 (2.95%)

07/13/17
STFL
07/13/17
UPGRADE
STFL
Buy
Snap upgraded to Buy from Hold at Stifel
07/13/17
STFL
07/13/17
UPGRADE
Target $22
STFL
Buy
Stifel upgrades Snap to Buy on 'compelling' post-selloff opportunity
Stifel analyst Scott Devitt upgraded Snap (SNAP) to Buy from Hold with a $22 price target. The shares closed yesterday down 23c to $15.24. Following the recent selloff on the Q1 revenue miss, concerns over the company's lock-up event beginning in late July and increased competition from Facebook's (FB) Instagram, Snap shares offer a "compelling risk/reward opportunity," Devitt tells investors in a research note partially titled "Relishing the Opportunity." Near-term risks to revenue-generating daily active users may be overstated as recent app download trends "appear healthy" in key advertising markets, the analyst adds. He believes Snap's business "remains on track fundamentally" despite the market concerns and "persistent" comparisons to Twitter (TWTR). Piper Jaffray this morning cut Snap's price target to $16.50 on concerns over competition from Instagram.
07/13/17
07/13/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Snap (SNAP) upgraded to Buy from Hold at Stifel with analyst Scott Devitt saying Snap shares offer a "compelling risk/reward opportunity." 2. Progressive (PGR) upgraded to Strong Buy from Outperform at Raymond James with analyst Gregory Peters saying he believes Progressive will continue to grow net premiums written at a double digit pace through 2017 and is well positioned to benefit from emerging smartphone technology to monitor and price for distracting driving over the next 24 months. 3. Agilent (A) upgraded to Outperform from Market Perform at Wells Fargo. 4. Hain Celestial (HAIN) upgraded to Buy from Hold at Maxim with analyst Anthony Vendetti saying that its fiscal 2018 guidance implies a turnaround in its business while the company's reporting of its prior financials without any major restatements has removed an accounting overhang. 5. Fastenal (FAST) upgraded to Strong Buy from Outperform at Raymond James analyst Sam Darkatsh saying he thinks yesterday's selloff in Fastenal shares is entirely related to MSC Industrial's (MSM) gross margin commentary and is unwarranted. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/14/17
COWN
07/14/17
DOWNGRADE
COWN
Market Perform
Snap downgraded to Market Perform from Outperform at Cowen

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SAP

SAP

$113.40

1.63 (1.46%)

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AVX

AVX

$19.50

-0.13 (-0.66%)

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  • 25

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SKX

Skechers

$24.03

-1.06 (-4.22%)

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VST

Vistra Energy

$18.83

0.13 (0.70%)

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  • 03

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GE

General Electric

$23.58

0.46 (1.99%)

08:30
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  • 20

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LDR

Landauer

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Options
One option delisting on October 20th »

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ALL

Allstate

$92.73

1.48 (1.62%)

08:29
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  • 29

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HUBG

Hub Group

$39.50

0.35 (0.89%)

08:29
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  • 26

    Oct

TEAM

Atlassian

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GPC

Genuine Parts

$89.71

-8.33 (-8.50%)

08:27
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  • 30

    Oct

BOJA

Bojangles

$12.50

0.1 (0.81%)

08:26
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  • 01

    Nov

TEAM

Atlassian

$40.25

0.44 (1.11%)

08:25
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AGN

Allergan

$189.27

2.12 (1.13%)

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  • 20

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General news
Fed funds futures are lower as safe haven flows unwind as risk appetite jumps »

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WBC

Wabco

$155.08

6.01 (4.03%)

08:23
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UAL

United Continental

$59.78

-8.21 (-12.08%)

08:22
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ENBL

Enable Midstream

$15.60

0.06 (0.39%)

08:22
10/20/17
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  • 01

    Nov

$DJT

DJ Transportation Average

08:22
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DJ Transportation Average: Pivot points »

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$DJU

DJ Utility Average

08:21
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DJX

Dow Jones Industrial Average

08:21
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IYT

iShares Transportation Average

$177.87

-0.23 (-0.13%)

08:21
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XLK

Technology Select Sector SPDR

$60.69

-0.18 (-0.30%)

08:20
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XLE

Energy Select Sector SPDR

$67.64

-0.21 (-0.31%)

08:20
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Technical Analysis
Energy Select Sector SPDR: Pivot points »

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XLY

Consumer Discretionary Sector SPDR

08:20
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Technical Analysis
Consumer Discretionary Sector SPDR: Pivot points »

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08:20
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General news
Canada CPI preview »

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