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SNAP

Snap

$13.77

0.21 (1.55%)

06:41
08/11/17
08/11
06:41
08/11/17
06:41

Credit Suisse sees estimates cuts as last for Snap, remains buyer

Credit Suisse analyst Stephen Ju believes the post-earnings estimate reductions for Snap should be the last, especially as the company enters the second half of the year. The analyst sees downside risk of 15% in his "Grey Sky scenario" and upside potential of 48% to his new price target of $17, which is down from $25. Ju views Snap as a "scarce asset" that offers advertisers access to a coveted demographic. He remains a buyer of the stock with an Outperform rating.

  • 21

    Aug

  • 13

    Sep

SNAP Snap
$13.77

0.21 (1.55%)

08/11/17
DBAB
08/11/17
NO CHANGE
Target $20
DBAB
Buy
Snap Q2 results 'better-than-feared,' says Deutsche Bank
Deutsche Bank analyst Lloyd Walmsley reiterates a Buy rating on Snap with a $20 price target saying last night's Q2 results were "better-than-feared." The company saw particular strength around engagement, especially exiting the quarter, which bodes well for Q3 daily active user growth, Walmsley tells investors in a post-earnings research note titled "Signs of a Better 2H to Come."
08/11/17
JEFF
08/11/17
NO CHANGE
Target $16
JEFF
Buy
Snap price target lowered to $16 from $30 at Jefferies
Jefferies analyst Brian Fitzgerald lowered his price target for Snap shares to $16 from $30 but keeps a Buy rating on the name following the company's Q2 results. Snap posted its second straight quarter below expectations, Fitzgerald tells investors in a research note. While near-term issues will weigh on the shares, "patient investors should look through the noise at the long term opportunity," the analyst argues. He believes the long-term thesis on Snap is intact as engagement is growing. He notes the company is serving a "huge" total addressable market that is "underserved by only two major players."
08/11/17
SBSH
08/11/17
NO CHANGE
Target $13
SBSH
Neutral
Snap price target lowered to $13 from $19 at Citi
Citi analyst Mark May lowered his price target for Snap shares to $13 saying that last night's Q2 results were "better than feared," average revenue per user gains are "slower than hoped." The analyst reiterates a Neutral rating on the shares amid the post-earnings selloff.
08/11/17
LEHM
08/11/17
NO CHANGE
Target $13
LEHM
Equal Weight
Snap price target lowered to $13 from $18 at Barclays
Barclays analyst Ross Sandler cut his price target for Snap shares to $13 from $18 following the company's Q2 results. Trends are improving but not fast enough, Sandler tells investors in a post-earnings research note. Snap reported daily active user and revenue that were slightly below consensus, but the tone of the call was upbeat, the analyst writes. He thinks the valuation is "starting to look more attractive," but he wants to see upside to estimates before getting more bullish. Sandler keeps an Equal Weight rating on the shares.

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DE

Deere

$123.98

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Estee Lauder

$98.32

-2.75 (-2.72%)

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Earnings
Notable companies reporting before tomorrow's open »

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Deere

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Estee Lauder

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HIBB

Hibbett Sports

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PCTY

Paylocity

$45.10

-1.06 (-2.30%)

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Paychex

$54.98

-1.26 (-2.24%)

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Paylocity announces Michael Haske's promotion to president & COO »

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Paychex

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ADP

ADP

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SN

Sanchez Energy

$4.87

-0.145 (-2.89%)

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Sanchez Energy to sell Javelina asset in Eagle Ford shale for about $105M »

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BABA

Alibaba

$163.92

4.42 (2.77%)

17:50
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Alibaba analyst commentary at Baird »

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ASYS

Amtech Systems

$10.14

-0.51 (-4.79%)

17:48
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Syndicate
Amtech Systems announces common stock offering, no amount given »

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CPCAY

Cathay Pacific

$7.47

0.15 (2.05%)

17:47
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17:47
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17:47
Upgrade
Cathay Pacific rating change at Goldman Sachs »

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RTN

Raytheon

$177.25

-0.83 (-0.47%)

17:32
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Raytheon awarded $104.8M government contract »

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SPWH

Sportsman's Warehouse

$3.46

-0.12 (-3.35%)

, GLOB

Globant

$42.26

-0.64 (-1.49%)

17:32
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Hot Stocks
On The Fly: After Hours Movers »

UP AFTER EARNINGS:…

SPWH

Sportsman's Warehouse

$3.46

-0.12 (-3.35%)

GLOB

Globant

$42.26

-0.64 (-1.49%)

ROST

Ross Stores

$53.33

-1.04 (-1.91%)

GPS

Gap

$22.68

0.11 (0.49%)

AMAT

Applied Materials

$43.12

-1.34 (-3.01%)

FLDM

Fluidigm

$3.60

-0.04 (-1.10%)

SENS

Senseonics

$2.44

0.02 (0.83%)

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LMT

Lockheed Martin

$301.42

-4.38 (-1.43%)

17:32
08/17/17
08/17
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17:32
Hot Stocks
Lockheed Martin, others awarded $499M government contract »

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  • 23

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CTRL

Control4

$22.27

-0.9 (-3.88%)

, AMRI

Albany Molecular

$21.74

-0.01 (-0.05%)

17:21
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Hot Stocks
Control4 to replace Albany Molecular in S&P 600 at open on 8/22 »

The Carlyle Group (CG)…

CTRL

Control4

$22.27

-0.9 (-3.88%)

AMRI

Albany Molecular

$21.74

-0.01 (-0.05%)

CG

Carlyle Group

$21.20

-0.2 (-0.93%)

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  • 30

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CI

Cigna

$178.03

-1.83 (-1.02%)

17:15
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Cigna's Bacus sells 2,236 common shares »

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  • 06

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17:09
08/17/17
08/17
17:09
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General news
Sen. Corker: Trump has not demonstrated competence to be president »

According to various…

BTU

Peabody Energy

$27.94

-0.27 (-0.96%)

17:07
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Syndicate
Peabody Energy files to sell 12.8M shares of common stock for holders »

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CEMI

Chembio Diagnostics

$6.05

-0.1 (-1.63%)

17:02
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Chembio Diagnostics CFO Richard Larkin to retire »

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CRMT

America's Car-Mart

$36.90

-0.65 (-1.73%)

17:01
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Earnings
America's Car-Mart reports Q1 EPS 90c, consensus 91c »

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GM

General Motors

$35.00

-0.75 (-2.10%)

16:59
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General Motors' Jacoby sells 20,000 common shares »

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CBI

CB&I

$9.78

-0.19 (-1.91%)

, FLR

Fluor

$37.77

-0.67 (-1.74%)

16:59
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Hot Stocks
President Donald Trump shelves plans to create infrastructure advisory council »

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CBI

CB&I

$9.78

-0.19 (-1.91%)

FLR

Fluor

$37.77

-0.67 (-1.74%)

ACM

Aecom

$31.09

-0.43 (-1.36%)

MTZ

MasTec

$39.20

0.45 (1.16%)

CCI

Crown Castle

$104.14

0.35 (0.34%)

JEC

Jacobs Engineering

$50.25

-0.8 (-1.57%)

MLM

Martin Marietta

$200.41

-4.7 (-2.29%)

USCR

U.S. Concrete

$77.20

-0.9 (-1.15%)

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  • 11

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CQP

Cheniere Energy Partners

$28.08

-0.08 (-0.28%)

16:53
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Syndicate
Breaking Syndicate news story on Cheniere Energy Partners »

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DDS

Dillard's

$54.83

-1.1 (-1.97%)

16:50
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Dillard's raises quarterly dividend to 10c from 7c per share »

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ABTL

Autobytel

$8.30

-0.12 (-1.43%)

16:46
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Autobytel announces purchases under stock repurchase authorization »

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GBL

GAMCO Investors

$29.41

-0.4 (-1.34%)

, CMT

Core Molding

$21.07

-0.36 (-1.68%)

16:43
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Breaking Hot Stocks news story on GAMCO Investors, Core Molding »

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GBL

GAMCO Investors

$29.41

-0.4 (-1.34%)

CMT

Core Molding

$21.07

-0.36 (-1.68%)

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  • 06

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GUID

Guidance Software

16:41
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Breaking Hot Stocks news story on Guidance Software »

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GBL

GAMCO Investors

$29.41

-0.4 (-1.34%)

, MTRN

Materion

$37.00

-1.1 (-2.89%)

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Breaking Hot Stocks news story on GAMCO Investors, Materion »

Gabelli reports 6.66%…

GBL

GAMCO Investors

$29.41

-0.4 (-1.34%)

MTRN

Materion

$37.00

-1.1 (-2.89%)

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FALC

FalconStor

$0.19

-0.004 (-2.12%)

16:41
08/17/17
08/17
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Hot Stocks
FalconStor announces Todd Brooks as CEO and Patrick McClain as CFO »

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16:36
08/17/17
08/17
16:36
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16:36
General news
Fed Balance Sheet Level data reported »

Week of 8/16 Fed Balance…

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