Snap (SNAP) Looks a Lot Like Twitter in the Early Going, but Results 'Not Thesis-Changing.. Way Too Early' - RBC

Options Activity in Snap (SNAP) Targets $18 as Potential Near-Term Floor -Susquehanna

May 12, 2017 2:19 PM EDT

Susquehanna options strategists Alison Edwards notes options activity in Snap (NYSE: SNAP) appears to target $18 as near-term floor, with an opening investor selling ~15,000 May 18 Puts at $0.25.

... More

Drexel Hamilton Reiterates Buy Rating and $30 PT on Snap (SNAP) Following 1Q Report; 'Excellent Buying Opportunity'

May 12, 2017 8:06 AM EDT

Drexel Hamilton reiterates Buy rating and $30 price target on Snap Inc (NYSE: SNAP) price target of $30.00, following the company's first quarter earnings report.

Analyst Brian White suggesting the company made progress resolving issues and operating more efficiently, while creating a unique user... More

Snap Inc (SNAP) PT Lowered to $23 at Deutsche Bank on 1Q Report; 'DAU Upside Ghosted... Results Fail to Inspire'

May 11, 2017 10:22 AM EDT

Deutsche Bank lowered its price target on Snap Inc (NYSE: SNAP) to $23.00 (from $30.00) while maintaining a Buy rating, following the company's first quarter earnings report.

Analyst Lloyd Walmsley notes the company reported first quarter earnings per share and revenues below the Street's projections,... More

Snap (SNAP) volatility elevated into less than expected year-over-year growth rate

May 11, 2017 7:18 AM EDT

Snap (NYSE: SNAP) May weekly call option implied volatility is at 224, May is at 123, June is at 71; compared to its 52-week range of 51 to 74 into reported 166M daily users in Q1, up 8M from the previous period and up 44M from a year earlierits... More

UPDATE: Oppenheimer Upgrades Snap Inc (SNAP) to Outperform, Sees "2H Brand Spending Ramp"

May 11, 2017 7:09 AM EDT

(Updated - May 11, 2017 8:03 AM EDT)

(updated to add analyst comment)

Oppenheimer upgraded Snap Inc (NYSE: SNAP) from Perform to Outperform, price target $23.00.

Analyst Jason Helfstein comments "Search product has potential to be fundamentally transformative; adds a "real-time-update" vertical that we... More

Cantor Fitzgerald Upgrades Snap Inc (SNAP) to Neutral

May 11, 2017 6:47 AM EDT

Cantor Fitzgerald upgraded Snap Inc (NYSE: SNAP) from Underweight to Neutral with a price target of $17.00 (from $18.00).

Analyst Kip Paulson cites the after-hours pullback Wednesday for the upgrade. In a morning note to client Paulson comments that the company retains a... More

Snap Inc (SNAP) PT Lowered to $15 at Susquehanna; Facebook Making Life Difficult

May 11, 2017 6:39 AM EDT

Susquehanna lowered its price target on Snap Inc (NYSE: SNAP) to $15.00 (from $22.00) while maintaining a Neutral rating.

"... FB appears to be making life difficult out of the gate for monetization and user growth," analyst Shyam Patil said.

The firm is lowering 2017... More

Snap Inc (SNAP) Execution Is Key Says Morgan Stanley

May 11, 2017 5:55 AM EDT

Morgan Stanley maintains Overweight on Snap Inc (NYSE: SNAP) price target of $28.00.

Analyst Brian Nowak tells clients he is a buyer of the stock on weakness and expects execution to materialize in Q2 2017. He says little has changed on the... More

Snap Inc (SNAP) PT Lowered to $22 at Stifel

May 11, 2017 5:39 AM EDT

Stifel lowered its price target on Snap Inc (NYSE: SNAP) to $22.00 (from $24.00) while maintaining a Hold rating.

... More

Goldman Sachs Maintains Buy On Snap Inc (SNAP)

May 11, 2017 5:36 AM EDT

Goldman Sachs maintains Buy on Snap Inc (NYSE: SNAP) price target of $27.00.

Analyst Heath Terry says that despite SNAP remaining a near venture stage investment he expects the audience and engagement will continue to be viewed as unique assets and will benefit from... More

Needham on Snap Inc (SNAP): "A Business Model Problem"

May 11, 2017 5:31 AM EDT

Needham & Company maintains Underperform on Snap Inc (NYSE: SNAP).

FY 2017 EPS estimate is for a loss of $0.74 and FY 2018 EPS estimate is for a loss of $0.28.

For an analyst ratings summary and ratings history on Snap Inc... More

UPDATE: Snap Inc (SNAP) PT Lowered to $21 at Cowen

May 11, 2017 5:20 AM EDT

(Updated - May 11, 2017 8:15 AM EDT)

(updated to add analyst comment)

Cowen lowered its price target on Snap Inc (NYSE: SNAP) to $21.00 (from $26.00) while maintaining a Outperform rating.

Analyst John Blackledge tells clients he expects DAUs to grow roughly 14 percent annually... More

Raymond James Comments On Snap Inc (SNAP): "Investors not Impressed by Puppy Filters"

May 11, 2017 5:14 AM EDT

Raymond James maintains Market Perform on Snap Inc (NYSE: SNAP).

Analyst Aaron Kessler expects the stock to remain range bound until the company is able to prove it can improve user growth and improve monetization.

FY 2017 GAAP EPS estimate... More

JMP Securities Says We Are "Sticking to Our Snapchat Story"

May 11, 2017 5:12 AM EDT

JMP Securities maintains Market Outperform on Snap Inc (NYSE: SNAP) price target of $28.00.

FY 2017 EPS estimate rises from a loss of $0.50 to a loss of $0.48 and FY 2018 EPS estimate rises from a loss of $0.34 to a loss of $0.31.

For an... More

Snap Inc. (SNAP) Maintained At Outperform - William Blair

May 11, 2017 5:10 AM EDT

William Blair maintains Outperform on Snap Inc (NYSE: SNAP)

Analyst Ralph Schackart remains uber bullish on the company as he calls growth in engagement "encouraging". He comments to clients that Snap's miss on daily average user estimates "should not materially change... More

Snap Inc (SNAP) PT Lowered to $14 at Instinet

May 11, 2017 5:07 AM EDT

Instinet lowered its price target on Snap Inc (NYSE: SNAP) to $14.00 (from $16.00) while maintaining a Reduce rating.

Analyst Anthony DiClemente says the company i snow facing fierce competition from the likes of Facebook (NASDAQ: FB) which... More

Snap Inc (SNAP) PT Lowered to $20 at Piper Jaffray

May 11, 2017 5:04 AM EDT

Piper Jaffray lowered its price target on Snap Inc (NYSE: SNAP) to $20.00 (from $23.00) while maintaining a Neutral rating.

Analyst Sam Kemp says the valuation is baking in "massive success" when it comes to scaling ad loads and says further that the valuation... More

Snap Inc (SNAP) PT Lowered to $18 at Barclays

May 11, 2017 5:02 AM EDT

Barclays lowered its price target on Snap Inc (NYSE: SNAP) to $18.00 (from $24.00) while maintaining a Equalweight rating.

Analyst Ross Sandler likes the backdrop for the company over the LT as his team becomes more interested in how the market is now starting to... More

Snap (SNAP) Misses Q1 EPS, Revs

May 10, 2017 4:03 PM EDT

Snap (NYSE: SNAP) reported Q1 EPS of ($2.31), which may not compare to the analyst estimate of ($0.19). Revenue for the quarter came in at $149.65 million versus the consensus estimate of $157.98 million.

Daily active users (DAU)(1) DAUs grew from 122 million in Q1 2016 to 166 million in Q1 2017, an... More