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SNAP

Snap

$14.14

0.12 (0.86%)

16:14
07/22/19
07/22
16:14
07/22/19
16:14

Snap initiated with a Buy at Rosenblatt

Rosenblatt analyst Mark Zgutowicz started Snap with a Buy rating and $18 price target. Snap's current average revenue per user levels are well below social media peers, which provides room to "comfortably double" by 2023, Zgutowicz tells investors in a research note. In the near-term, the analyst believes the shares SNAP shares should rise on "modest tailwinds" from new advertising products and video content.

  • 23

    Jul

  • 03

    Aug

SNAP Snap
$14.14

0.12 (0.86%)

07/11/19
BOFA
07/11/19
NO CHANGE
Target $17
BOFA
Neutral
Snap price target raised to $17 from $12 at BofA/Merrill
BofA/Merrill analyst Justin Post raised his price target for Snap to $17 from $12 ahead of the company's Q2 results while keeping a Neutral rating on the name. Snap's "gender-face-swap" filter went viral in May and its SnapKit app "Yolo" reached number one on the iOS download charts, Post tells investors in a pre-earnings research note. Further, third party Snap app data in Q2 suggests downloads were near record levels, adds the analyst. However, for advertisers, channel checks remains mixed, says Post. The analyst expects improving user trends and revenue upside in Q2, but he thinks Snap will remain conservative in its outlook.
07/12/19
GSCO
07/12/19
UPGRADE
Target $18
GSCO
Buy
Snap upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs analyst Heath Terry upgraded Snap to Buy from Neutral and raised his price target for the shares to $18 from $13. The stock closed Thursday up 31c to $15.57. The company's new Android app, the launch of Snap Games and new viral lenses should accelerator user growth, Terry tells investors in a research note. He points out that Snap's total app downloads for May, the first month reflecting these recent innovations, was a record 41M. This represents a "stark reversal" of what were otherwise multi-year lows in app downloads that the platform experienced through most of 2018 and early 2019, says the analyst.
07/12/19
07/12/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Altria Group (MO) upgraded to Buy from Neutral at Goldman Sachs with analyst Judy Hong saying the valuations in the tobacco sector are trading at a 10-year trough in spite of the "more accommodating" macro backdrop for Consumer Staples that includes a late cycle and lower yields. 2. Focus Financial (FOCS) upgraded to Outperform from Market Perform at Keefe Bruyette. 3. Deutsche Bank (DB) upgraded to Neutral from Sell at UBS. 4. Morgan Stanley (MS) upgraded to Buy from Neutral at Citi. 5. Snap (SNAP) upgraded to Buy from Neutral at Goldman Sachs with analyst Heath Terry saying the company's new Android app, the launch of Snap Games, and new viral lenses should accelerator user growth. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/15/19
MSCO
07/15/19
NO CHANGE
Target $13
MSCO
Underweight
Snap's 'impressive' turnaround already priced in, says Morgan Stanley
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.

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AKAM

Akamai

$90.95

-0.13 (-0.14%)

21:13
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  • 18

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DB

Deutsche Bank

$8.06

-0.125 (-1.53%)

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PRVB

Provention Bio

$9.70

0.33 (3.52%)

20:31
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DRI

Darden

$127.40

1.31 (1.04%)

20:25
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  • 18

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XGN

Exagen

$0.00

(0.00%)

19:48
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Syndicate
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  • 19

    Sep

PING

Ping Identity

$0.00

(0.00%)

19:35
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  • 19

    Sep

CBS

CBS

$43.38

0.08 (0.18%)

, T

AT&T

$36.77

-0.39 (-1.05%)

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Viacom, CBS, WarnerMedia pull e-cigarette ads from networks, CNBC says »

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CBS

CBS

$43.38

0.08 (0.18%)

T

AT&T

$36.77

-0.39 (-1.05%)

VIA

Viacom

$27.94

-0.06 (-0.21%)

VIAB

Viacom

$25.77

0.02 (0.08%)

BTI

British American Tobacco

$36.90

0.06 (0.16%)

MO

Altria Group

$40.84

-0.47 (-1.14%)

PM

Philip Morris

$71.58

-0.4 (-0.56%)

IMBBY

Imperial Brands

$0.00

(0.00%)

03/08/13
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  • 23

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CRON

Cronos Group

$10.96

-0.205 (-1.84%)

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MLHR

Herman Miller

$44.48

-0.02 (-0.04%)

, SVRA

Savara

$2.49

-0.14 (-5.32%)

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Savara

$2.49

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CBPO

China Biologic

$103.19

0.37 (0.36%)

NCR

NCR Corp.

$33.62

0.77 (2.34%)

MSFT

Microsoft

$138.53

1.13 (0.82%)

TNDM

TNDM

X

U.S. Steel

$12.45

-0.51 (-3.94%)

PRVB

Provention Bio

$9.70

0.33 (3.52%)

PAA

Plains All American

$21.87

-0.315 (-1.42%)

COST

Costco

$292.47

0.96 (0.33%)

03/08/13
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  • 19

    Sep

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  • 23

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  • 01

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    Nov

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    Sep

TECD

Tech Data

$103.32

-0.59 (-0.57%)

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T

AT&T

$36.77

-0.39 (-1.05%)

, DISH

Dish

$35.58

0.3 (0.85%)

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AT&T

$36.77

-0.39 (-1.05%)

DISH

Dish

$35.58

0.3 (0.85%)

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  • 23

    Sep

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AGCO

Agco

$76.04

-0.16 (-0.21%)

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PBR

Petrobras

$14.63

-0.31 (-2.08%)

18:22
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CE

Celanese

$123.69

-0.28 (-0.23%)

18:01
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STI

SunTrust

$68.57

0.48 (0.70%)

18:00
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WBS

Webster Financial

$48.84

0.43 (0.89%)

17:53
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Webster Financial lowers prime lending rate to 5.0% from 5.25% 

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  • 18

    Sep

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HSBC

HSBC

$38.19

-0.1 (-0.26%)

17:52
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  • 27

    Oct

HES

Hess Corp.

$66.91

-0.92 (-1.36%)

17:50
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  • 01

    Oct

  • 02

    Oct

CSCO

Cisco

$49.32

-0.1 (-0.20%)

, DDOG

Datadog

$0.00

(0.00%)

17:46
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CSCO

Cisco

$49.32

-0.1 (-0.20%)

DDOG

Datadog

$0.00

(0.00%)

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  • 10

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