Snap (SNAP) August weekly 13.50 straddle priced for movement of 14% into Q2

Go back to Snap (SNAP) August weekly 13.50 straddle priced for movement of 14% into Q2

Snap Inc (SNAP) PT Lowered to $12 at UBS Following 2Q Miss

August 11, 2017 8:53 AM EDT

UBS lowered its price target on Snap Inc (NYSE: SNAP) to $12.00 (from $19.00) while maintaining a Neutral rating following the company's 2Q. SNAP reported revenue and adjusted EBITDA missing consensus by $5m and $10m respectively.

UBS cut 3Q revenue estimates to $257m from... More