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SNAP

Snap

$14.06

0.21 (1.52%)

05:09
02/07/18
02/07
05:09
02/07/18
05:09

Snap price target raised to $18 from $14 at Citi

Citi analyst Mark May raised his price target for Snap to $18 saying the company's Q4 results positively surprised, with better user growth, revenue topping his estimate by 10% and accelerating sequentially, and with a more moderate increase in losses. He believes management's outlook, which calls for revenue growth moderating in Q1 and the first half of 2018, could be conservative. The analyst, however, still views the valuation as high and keeps a Neutral rating on Snap.

  • 07

    Feb

  • 23

    Feb

  • 07

    Mar

SNAP Snap
$14.06

0.21 (1.52%)

02/07/18
RBCM
02/07/18
UPGRADE
RBCM
Outperform
Snap upgraded to Outperform from Sector Perform at RBC Capital
01/22/18
DBAB
01/22/18
NO CHANGE
Target $13
DBAB
Hold
Snap revenue estimates for Q4, 2018 'overly optimistic,' says Deutsche Bank
Deutsche Bank analyst Lloyd Walmsley remains cautious on Snap's revenue outlook for Q4 and 2018. Conversations in the advertising community highlight continued challenges scaling spend, Walmsley tells investors in a research note. He sees Street consensus revenue estimates as "overly optimistic" for Q4 and 2018. The analyst notes, however, that his firm's December user survey showed strength in engagement, with Snap's self-serve ad system data slightly improving Q4 daily active user trends. Solid engagement trends "buy time for Snap and underscore its strategic value," Walmsley argues. He keeps a Hold rating on Snap with a $13 price target. The analyst awaits "more concrete signs of an ad spending ramp" before becoming more constructive on Snap shares.
01/12/18
01/12/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Facebook (FB) downgraded to Hold from Buy at Stifel with analyst Scott Devitt arguing there is currently "too much uncertainty" relating to the economic impact of the company's pending News Feed changes communicated in a post last night by CEO Mark Zuckerberg. 2. Snap (SNAP) downgraded to Underperform from Market Perform at Raymond James with analyst Aaron Kessler saying Snap is largely a Chat/Message app and not a camera company as it refers to itself. 3. Etsy (ETSY) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Brian Nowak citing valuation as being too expensive compared to its peers and the stock's historical average. 4. Comcast (CMCSA) downgraded to Buy from Action List Buy at TD Securities with analyst Vince Valentin citing recent shares strength and to make room of new Action List addition Shaw Communications (SJR), where he now sees better upside potential. 5. Electronic Arts (EA) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Brian Nowak citing disappointing "Star Wars: Battlefront 2" third party data. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/12/18
01/12/18
DOWNGRADE

Underperform
Snap downgraded to Underperform, shares 'overvalued,' says Raymond James
As previously reported, Raymond James downgraded Snap to Underperform from Market Perform. Analyst Aaron Kessler said Snap is largely a Chat/Message app and not a camera company as it refers to itself. Historically, chat and messaging apps do not monetize well as News Feeds, the analyst wrote, and he expects the company to struggle to gain momentum with its Discover platform. Additionally, Kessler's checks indicate the platform is still experimental and user growth will likely remain challenging. Kessler contends Snap is an "overvalued" chat company given recent execution issues, structural challenges, and competitive concerns,

TODAY'S FREE FLY STORIES

SCHW

Charles Schwab

$52.74

0.71 (1.36%)

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$69.02

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$304,020.01

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SWX

Southwest Gas

$69.17

1.65 (2.44%)

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MS

Morgan Stanley

$56.07

1.21 (2.21%)

, AAOI

Applied Optoelectronics

$28.02

0.51 (1.85%)

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MS

Morgan Stanley

$56.07

1.21 (2.21%)

AAOI

Applied Optoelectronics

$28.02

0.51 (1.85%)

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HSBC

HSBC

$51.23

0.19 (0.37%)

16:49
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Breaking Syndicate news story on HSBC »

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  • 01

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X

U.S. Steel

$43.52

0.54 (1.26%)

, AKS

AK Steel

$5.50

-0.12 (-2.14%)

16:48
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Periodicals
Breaking Periodicals news story on U.S. Steel, AK Steel »

Trump said to want 24%…

X

U.S. Steel

$43.52

0.54 (1.26%)

AKS

AK Steel

$5.50

-0.12 (-2.14%)

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PPL

PPL Corp.

$30.34

0.82 (2.78%)

16:36
02/23/18
02/23
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16:36
Syndicate
PPL Corp. files to sell $1B of common stock »

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L

Loews

$50.34

0.74 (1.49%)

16:33
02/23/18
02/23
16:33
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16:33
Syndicate
Breaking Syndicate news story on Loews »

Loews files automatic…

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  • 30

    May

GBL

GAMCO Investors

$27.26

1.56 (6.07%)

, CHE

Chemed

$261.22

5.59 (2.19%)

16:31
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Hot Stocks
Breaking Hot Stocks news story on GAMCO Investors, Chemed »

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GBL

GAMCO Investors

$27.26

1.56 (6.07%)

CHE

Chemed

$261.22

5.59 (2.19%)

03/08/13
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16:30
02/23/18
02/23
16:30
02/23/18
16:30
Options
Preliminary option volume of 19.2M today »

Preliminary option volume…

CTO

Consolidated Tomoka

$62.60

0.73 (1.18%)

16:24
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  • 23

    May

HPE

HP Enterprise

$18.14

1.73 (10.54%)

, HPQ

HP Inc.

$22.13

0.74 (3.46%)

16:21
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General news
On The Fly: Top stock stories for Friday »

Stocks opened in positive…

HPE

HP Enterprise

$18.14

1.73 (10.54%)

HPQ

HP Inc.

$22.13

0.74 (3.46%)

BUFF

Blue Buffalo Pet Products

$40.00

5.88 (17.23%)

GIS

General Mills

$52.98

-1.97 (-3.59%)

JWN

Nordstrom

$53.56

3.29 (6.54%)

MOMO

Momo

$35.75

5.22 (17.10%)

TTD

Trade Desk

$59.94

11.54 (23.84%)

KMPH

KemPharm

$6.00

0.738 (14.03%)

GOGO

Gogo

$8.88

-0.25 (-2.74%)

AAL

American Airlines

$53.39

0.41 (0.77%)

OLED

Universal Display

$130.40

-24.5 (-15.82%)

FSLR

First Solar

$61.79

-4.49 (-6.77%)

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VIX

Volatility Index S&P 500 Options

16:20
02/23/18
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Options
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SEMG

SemGroup

$25.50

1.5 (6.25%)

, VLO

Valero

$92.46

0.41 (0.45%)

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SEMG

SemGroup

$25.50

1.5 (6.25%)

VLO

Valero

$92.46

0.41 (0.45%)

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  • 26

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$NSD

NASDAQ Market Internals

16:17
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NASDAQ market internals summary »

Volume was average for…

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$NYE

NYSE Market Internals

16:16
02/23/18
02/23
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Technical Analysis
NYSE market internals summary »

Volume was average for…

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WEN

Wendy's

16:11
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02/23
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16:11
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Breaking Hot Stocks news story on Wendy's »

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  • 07

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IRIX

IRIDEX

$7.41

0.21 (2.92%)

16:09
02/23/18
02/23
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Earnings
Breaking Earnings news story on IRIDEX »

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  • 08

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IRIX

IRIDEX

$7.41

0.21 (2.92%)

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Earnings
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  • 08

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HTZ

Hertz

$20.65

0.085 (0.41%)

, SYMC

Symantec

$27.43

0.45 (1.67%)

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HTZ

Hertz

$20.65

0.085 (0.41%)

SYMC

Symantec

$27.43

0.45 (1.67%)

MET

MetLife

$47.41

0.78 (1.67%)

CB

Chubb

$143.76

0.69 (0.48%)

AOBC

American Outdoor Brands

$10.00

-0.12 (-1.19%)

RGR

Sturm, Ruger

$49.80

0.8 (1.63%)

VSTO

Vista Outdoor

$18.19

-0.23 (-1.25%)

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NNA

Navios Acquisition

$0.74

-0.0135 (-1.79%)

16:06
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Navios Acquisition receives continue listing standards notice from NYSE »

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IRIX

IRIDEX

$7.41

0.21 (2.92%)

16:06
02/23/18
02/23
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IRIDEX issues voluntary recall of TruFocus LIO Premiere ophthalmoscope »

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  • 08

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GBL

GAMCO Investors

$25.75

0.05 (0.19%)

15:57
02/23/18
02/23
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Hot Stocks
GAMCO Investors up over 5% after Gabelli waives compensation »

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SCBFF

Standard Chartered

$11.56

0.13 (1.14%)

15:56
02/23/18
02/23
15:56
02/23/18
15:56
Conference/Events
Standard Chartered management to meet with JPMorgan »

Meeting to be held in New…

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  • 01

    Mar

NOAH

Noah Holdings

$48.94

2.14 (4.57%)

15:52
02/23/18
02/23
15:52
02/23/18
15:52
Conference/Events
Noah Holdings management to meet with JPMorgan »

Meeting to be held in New…

03/08/13
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  • 01

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