UPDATE: Morgan Stanley Starts Snap One Holdings (SNPO) at Overweight

Morgan Stanley analyst Erik W Woodring initiates coverage on Snap One Holdings (NASDAQ: SNPO) with a Overweight rating and a price target of $21.00.

The analyst comments "We are bullish on the growing adoption of smart and connected home products, and believe Snap One offers a unique value proposition that will allow it to take share, expand to adjacent markets, and grow faster than the market. We initiate OW with a $21 price target and 2:1 positive risk reward skew."

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

Shares of Snap One Holdings closed at $18.28 yesterday.

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