Argus Reiterates Long-term Buy Rating on Snap Inc (SNAP), Upgrades Short-term to Buy

Argus analyst Jim Kelleher reiterated a Buy rating and $16.00 price target on Snap Inc (NYSE: SNAP).

The analyst is positive on SNAP in the short-term, issuing a short-term upgrade to Buy (from Hold) will reiterating the key Long-term Buy recommendation.

Kelleher comments "We are raising our near-term rating on Snap Inc. (NGS: SNAP) to BUY from HOLD on ongoing growth in daily active users and revenue, along with more attractive valuations. Our long-term rating remains BUY.

For an analyst ratings summary and ratings history on Snap Inc click here. For more ratings news on Snap Inc click here.

Shares of Snap Inc closed at $10.25 yesterday.

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