Instinet Starts Snap Inc (SNAP) at Reduce

Snap (SNAP) Adds to Gains After Stellar Debut

Yesterday's hot IPO for Snap (NYSE: SNAP) is adding to yesterday's surges. After gaining 44% on its debut, shares of SNAP are up another 2.3% in pre-open trade to $25.04. Yesterday's high on the stock was $26.05.

Upside comes despite zero love from the sell-side. So far there are 5 ratings: 2 Neutral and 3 Sells.

Susquehanna Starts Snap Inc (SNAP) at Neutral, $22 PT

Susquehanna initiates coverage on Snap Inc (NYSE: SNAP) with a Neutral rating and a price target of $22.00.

Analyst Shyam Patil commented, "Euphoria could cause a short-term disconnect between fundamentals and valuation, but longer-term we struggle to see SNAP as an investment with meaningful upside potential from current levels."

He said near-term could offer upside potential

"We believe the current price of $24 could... More

Snap (SNAP) Pares Some Gains Heading Into Final Hour of Trading

(Update)

Snap (NYSE: SNAP) pared gains in late afternoon trading following its IPO today. The stock surged initially, trading as high as $26 per share after pricing at $17 and opening at $24.

The stock currently trades just north of $25 per share.

Aegis Capital Formally Starts Snap (SNAP) at Hold

Aegis Capital formally initiates coverage on Snap Inc. (NYSE: SNAP) with a Hold rating and a price target of $22.00 (orig from 02/28).

Victor Anthony commented, "Our concerns about Snaps business and stock are eight-fold: 1) slow user growth and no growth in some regions same issue with Sell-rated Twitter; 2) the ease by which... More

Snap (SNAP) trading volume surpasses 50% of total Alibaba's (BABA) debut volume within first two hours of trading - Reuters

Snap (NYSE: SNAP) trading volume surpasses 50% of total Alibaba's (NYSE: BABA) debut volume within first two hours of trading - Reuters.

Pivotal Research Starts Snap Inc (SNAP) at Sell With Price Target of $10

Pivotal Research initiated coverage on Snap Inc (NYSE: SNAP) with a Sell rating and a price target of $10. Snap's IPO just opened at $24 after pricing at $17 per share.

Analyst Brain Wieser explained his sell recommendation, stating, "Snap is a promising early stage company with significant opportunity ahead of itself. Unfortunately, it is significantly overvalued given the likely scale of its long-term opportunity and the risks associated with executing against that opportunity. Significant ongoing dilution from share-based compensation will likely represent an... More

Snap (SNAP) IPO Opens Up 41%

Today's IPO for Snap Inc. (NYSE: SNAP), the parent of social media powerhouse Snapchat, opened for trading at $24 after pricing 200,000,000 shares $17 per share, above the expected $14-$16 range.

Snap Inc. is offering to sell 145,000,000 shares of Class A common stock in this offering. Selling stockholders are offering an additional 55,000,000 shares of... More

Snap (SNAP) IPO now indicated to open $22-$24 after pricing at $17

Snap (NYSE: SNAP) IPO now indicated to open $22-$24 after pricing at $17

Snap (SNAP) IPO indicated to open $21-$23 after pricing at $17

Snap (NYSE: SNAP) IPO indicated to open $21-$23 after pricing at $17

Wall Street retreats after surge; Caterpillar, financials fall

By Caroline Valetkevitch

NEW YORK (Reuters) - U.S. stocks retreated on Thursday, led by financial stocks, while Caterpillar shares dropped following news that federal officials searched its Illinois facilities.

Caterpillar (NYSE: CAT), down 4.3 percent at $94.36, was the biggest drag on the Dow and among the biggest negatives for the S&P 500. In a statement issued after the closing bell, Caterpillar said the search may be related to an Internal Revenue Service investigation on profits earned by a Swiss subsidiary.

Financials led the decline among sectors in the S&P 500,... More

Snap's shares pop after year's biggest IPO

By Lauren Hirsch

NEW YORK (Reuters) - Snap Inc's (NYSE: SNAP) shares ended up 44 percent on their first day of trading as investors flocked to buy into the hottest technology stock offering in three years, overcoming doubts about the loss-making messaging app company's slowing user growth.

The stock closed at $24.48 on the New York Stock Exchange on Thursday, well above the initial public offering price of $17 per share on Wednesday, giving the company a market value of $28.3 billion, on a par with CBS Corp (NYSE:... More

Snap Inc. (SNAP) Confirms $3.4B Initial Public Offering at $17 Per Share

Snap Inc. (NYSE: SNAP) today announced the pricing of its initial public offering of 200,000,000 shares of Class A common stock at a price to the public of $17 per share, for a total offering size of $3,400,000,000. Snap is issuing and selling 145,000,000 shares of Class A... More

Snap (SNAP) Prices IPO at $17, Above Expected Range

(Updated - March 1, 2017 3:42 PM EST)

Snap (NYSE: SNAP) priced its IPO at $17 per share, above the expected $14-$16 range. Shares are set to open on Thursday on the NYSE under the symbol "SNAP".

The company is looking to sell 200,000,000. Snap Inc.... More