Atlantic Equities Downgrades Snap Inc (SNAP) to Underweight

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 HQ spoils community, Venice Beach protesters say

By Ben Gruber

LOS ANGELES (Reuters) - As shares of California-based Snap Inc (NYSE: SNAP) began trading on the New York Stock Exchange on Thursday, two dozen residents of the company's adopted home of Venice Beach protested outside its offices, accusing the growing tech company of spoiling their seaside community.

Their chief complaint is that the maker of the popular mobile messaging app Snapchat is turning the stylishly funky beachfront neighborhood of Los Angeles into an office park, driving up real estate prices and displacing working-class... More

Investors see Snap's IPO as 'too big to fail'

By Lauren Hirsch, Heather Somerville and Liana B. Baker

NEW YORK/SAN FRANCISCO (Reuters) - Institutional investors anxious not to be left out of this year's marquee initial public offering helped Snap Inc (NYSE: SNAP) pull off the biggest U.S.-listed technology share sale this week since Chinese e-commerce juggernaut Alibaba Group Holding Inc (NYSE: BABA) smashed records in 2014.

Keen to boost returns and with a dearth of new stocks to buy, the IPO of a buzzy social media group was a "must-have" for money... 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

Instinet Starts Snap Inc (SNAP) at Reduce

Instinet initiates coverage on Snap Inc (NYSE: SNAP) with a Reduce rating and a price target of $16.00.

Analyst Anthony DiClemente commented, "Snap Inc. is becoming a public company just as its user growth and monetization growth rates are beginning to meaningfully... 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

Facebook (FB), Twitter (TWTR) on Watch Into Snap (SNAP) IPO Pricing; Some See as 'Source of Funds'

Shares of Facebook (NASDAQ: FB) and Twitter (NYSE: TWTR) are on watch into tonight's pricing and tomorrow's open of the highly-anticipated Snap (NYSE: SNAP) IPO.... More