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SNAP

Snap

$15.83

0.04 (0.25%)

08:34
09/03/19
09/03
08:34
09/03/19
08:34

Evercore ISI upgrades Snap to Outperform after move into gaming

As previously reported, Evercore ISI analyst Kevin Rippey upgraded Snap to Outperform from In Line and raised his price target for the shares to $20 from $18. While he has been impressed with the trajectory of Snap's fundamentals through much of 2019, Rippey said he remained on the sidelines on the view that valuation fully captured the upside related to the company's advertising business. However, the company's move into gaming, while in very early stages, has taken him off the sidelines as he believes gaming could provide Snap with about $350M in revenue at attractive EBITDA margins by 2022, Rippey tells investors.

  • 24

    Sep

SNAP Snap
$15.83

0.04 (0.25%)

07/24/19
LOOP
07/24/19
NO CHANGE
Target $15
LOOP
Hold
Snap price target raised to $15 from $9 at Loop Capital
Loop Capital analyst Alan Gould raised his price target on Snap to $15 after its "excellent" results in Q2, highlighted by better than expected daily active user growth and rising average revenue per user metrics that were supported by the redesigned Android app and the company's new products. The analyst also notes that the management has capped costs and expects it to achieve a positive EBITDA during its seasonally strong Q4 but keeps his Hold rating on Snap on valuation.
07/24/19
07/24/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Cott Corp. (COT) upgraded to Buy from Neutral at Goldman Sachs with analyst Judy Hong saying the stock has underperformed relative to its peers with no significant catalysts, and the weakness more than accounts for the potential FX headwinds. 2. Celanese (CE) upgraded to Overweight from Neutral at JPMorgan with analyst Jeffrey Zekauskas saying the company's operating performance has proven to be "surprisingly durable." 3. Medical Properties Trust (MPW) upgraded to Buy from Hold at Stifel with analyst Chad Vanacore saying the company has a "long runway for above-average growth" given a "strong" pipeline of acquisition targets, a diversifying asset base, and the "attractive" macro environment. 4. United Continental (UAL) upgraded to In-Line from Underperform at Imperial Capital with analyst Michael Derchin saying current valuations fairly reflect the company's recent strong performance and future outlook. 5. Snap (SNAP) upgraded to Buy from Hold at Summit Insights and to Neutral from Sell at UBS. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/14/19
BERN
08/14/19
NO CHANGE
BERN
Tesla executive turnover notably high, 'not outlandish,' says Bernstein
Bernstein analyst A.M. Sacconaghi, Jr. performed a detailed benchmarking analysis of executive turnover at Tesla (TSLA) and at comparable companies that are young, fast growing, and largely Silicon Valley based, including Snap (SNAP), Uber (UBER), Lyft (LYFT), Airbnb, Netflix (NFLX), Facebook (FB) and Amazon (AMZN). His analysis indicates that Tesla's annualized executive turnover level has been 27%, "notably higher" than the cohort average of 15%. With that said, the analyst notes that it is "not outlandish," with Snap at 24% and Lyft at 23%, which is nearly as high.
09/03/19
EVER
09/03/19
UPGRADE
Target $20
EVER
Outperform
Snap upgraded to Outperform from In Line at Evercore ISI
Evercore ISI analyst Kevin Rippey upgraded Snap to Outperform from In Line and raised his price target for the shares to $20 from $18.

TODAY'S FREE FLY STORIES

BX

Blackstone

$52.93

-0.57 (-1.07%)

13:30
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Blackstone near $2.9B deal to buy Great Wolf Resorts, Bloomberg says »

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RUBI

Rubicon Project

$9.36

-0.05 (-0.53%)

, TLRA

Telaria

$8.03

-0.195 (-2.37%)

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RUBI

Rubicon Project

$9.36

-0.05 (-0.53%)

TLRA

Telaria

$8.03

-0.195 (-2.37%)

TTD

Trade Desk

$209.29

-3.72 (-1.75%)

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FDX

FedEx

$149.76

-23.77 (-13.70%)

13:25
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09/18
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FedEx rating change  »

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Conference/Events
The SEC to hold a meeting to hear oral arguments »

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SOLO

ElectraMeccanica

$2.40

0.04 (1.69%)

13:24
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UN

Unilever; also tag UL

$60.45

0.01 (0.02%)

, PG

Procter & Gamble

$121.47

0.32 (0.26%)

13:23
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UN

Unilever; also tag UL

$60.45

0.01 (0.02%)

PG

Procter & Gamble

$121.47

0.32 (0.26%)

UL

Unilever; also tag UN

$61.51

0.05 (0.08%)

RBGLY

Reckitt Benckiser

$0.00

(0.00%)

HENKY

Henkel

$0.00

(0.00%)

LRLCY

L'Oreal

$0.00

(0.00%)

03/08/13
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NRC

National Research Corporation

$63.59

1.59 (2.56%)

13:23
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National Research Corporation director Donald Berwick sold over $433K in shares »

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FB

Facebook

$188.14

0.01 (0.01%)

, TWTR

Twitter

$42.66

-0.59 (-1.36%)

13:22
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13:22
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13:22
On The Fly
#SocialStocks: Facebook clarifies oversight structure, Snap in talks to add news »

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FB

Facebook

$188.14

0.01 (0.01%)

TWTR

Twitter

$42.66

-0.59 (-1.36%)

SNAP

Snap

$16.77

-0.1 (-0.59%)

03/08/13
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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
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NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
09/18/19
09/18
13:16
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Technical Analysis
NYSE market internals summary »

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TYL

Tyler Technologies

$259.19

-0.47 (-0.18%)

13:15
09/18/19
09/18
13:15
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Conference/Events
Tyler Technologies management to meet with Needham »

Meeting to be held in…

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  • 18

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BRKR

Bruker

$43.21

0.34 (0.79%)

13:14
09/18/19
09/18
13:14
09/18/19
13:14
Conference/Events
Bruker management to meet with Needham »

Meetings to be held in…

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  • 23

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RST

Rosetta Stone

$18.99

-0.22 (-1.15%)

13:13
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09/18
13:13
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13:13
Conference/Events
Rosetta Stone management to meet with Needham »

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CYRX

Cryoport

$17.92

0.17 (0.96%)

13:07
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CYRX

Cryoport

$17.92

0.17 (0.96%)

, GILD

Gilead

$65.78

-0.39 (-0.59%)

13:05
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On The Fly
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CYRX

Cryoport

$17.92

0.17 (0.96%)

GILD

Gilead

$65.78

-0.39 (-0.59%)

NVS

Novartis

$86.46

-0.11 (-0.13%)

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CYRX

Cryoport

$17.92

0.17 (0.96%)

13:04
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Hot Stocks
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CYRX

Cryoport

$17.92

0.17 (0.96%)

13:04
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Hot Stocks
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CYRX

Cryoport

$17.92

0.17 (0.96%)

, GILD

Gilead

$65.80

-0.37 (-0.56%)

13:04
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Hot Stocks
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CYRX

Cryoport

$17.92

0.17 (0.96%)

GILD

Gilead

$65.80

-0.37 (-0.56%)

NVS

Novartis

$86.46

-0.11 (-0.13%)

03/08/13
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03/08/13
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AEGN

Aegion

$20.77

-0.46 (-2.17%)

13:03
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  • 18

    Sep

BYND

Beyond Meat

$157.51

-2.86 (-1.78%)

, QSR

Restaurant Brands

$73.77

-0.08 (-0.11%)

13:01
09/18/19
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Periodicals
Tim Hortons to pull back on Beyond Meat offerings, Journal de Montreal says »

A translation of a French…

BYND

Beyond Meat

$157.51

-2.86 (-1.78%)

QSR

Restaurant Brands

$73.77

-0.08 (-0.11%)

03/08/13
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  • 12

    Nov

BX

Blackstone

$52.97

-0.53 (-0.99%)

13:01
09/18/19
09/18
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Periodicals
Breaking Periodicals news story on Blackstone »

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  • 18

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RYAAY

Ryanair

$61.95

-0.14 (-0.23%)

12:53
09/18/19
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Ryanair initiated  »

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$300.17

-0.77 (-0.26%)

12:47
09/18/19
09/18
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Hot Stocks
Gundlach sees 'increasing probability' of recession before 2020 election »

Jeffrey Gundlach of…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$300.17

-0.77 (-0.26%)

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GOOG

Alphabet

$1,228.87

-0.74 (-0.06%)

, GOOGL

Alphabet Class A

$1,228.96

-0.41 (-0.03%)

12:45
09/18/19
09/18
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Hot Stocks
Google says YouTube Masthead coming to TV screen »

Google said in a blog…

GOOG

Alphabet

$1,228.87

-0.74 (-0.06%)

GOOGL

Alphabet Class A

$1,228.96

-0.41 (-0.03%)

03/08/13
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03/06/13
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JPM

JPMorgan

$118.64

0.09 (0.08%)

12:45
09/18/19
09/18
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12:45
Periodicals
JPMorgan's Dimon says his gut says a recession is 'not imminent,' CNBC reports »

JPMorgan Chairman and CEO…

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