UPDATE: Snap Inc (SNAP) PT Raised to $21 at Credit Suisse

October 21, 2019 6:52 AM EDT
Get Alerts SNAP Hot Sheet
Price: $83.11 --0%

Rating Summary:
    40 Buy, 14 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 7 | Down: 6 | New: 25
Trade Now! 
Join SI Premium – FREE

Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.
(Updated - October 21, 2019 7:10 AM EDT)

(updated to add analyst comments)

Credit Suisse analyst Stephen Ju raised the price target on Snap Inc (NYSE: SNAP) to $21.00 (from $20.00) while maintaining an Outperform rating into Q3 results.

  • roll forward valuation parameters to 2020
  • 2019 EPS is now ($0.28) vs. prior ($0.26) and 2020 EPS now ($0.08) vs prior ($0.09).
  • They have raised their Snap Ads forecast for 3Q19 by ~$10mm based on positive feedback from advertisers


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Analyst PT Change

Related Entities

Credit Suisse