Snap (SNAP) Misses Q2 EPS by 1c, Sales Light

Go back to Snap (SNAP) Misses Q2 EPS by 1c, Sales Light

Snap Inc (SNAP) PT Lowered to $15 at Cantor Fitzgerald Following 2Q

August 14, 2017 7:47 AM EDT

Cantor Fitzgerald lowered its price target on Snap Inc (NYSE: SNAP) to $15.00 (from $17.00) while maintaining a Neutral rating following the company's 2Q release. Both DAUs and ARPU came in below consensus expectations, causing revenue and EBITDA to miss by 2.4%/5.3% respectively. Cantor updated 2017 EPS estimates to $(2.60) from $(2.20), and... More

Drexel Hamilton Reiterates Buy Rating & $30 PT on Snap Inc. (SNAP): 'We Are Raising Estimates... We Would be Aggressive Buyers on Weakness'

August 11, 2017 11:11 AM EDT

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

Analyst Brian White comments,
Snap continues to grow at a rapid pace, introduce new innovations and roll-out compelling content; however, the... More

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

Snap Inc (SNAP) PT Lowered to $17 at BofA/Merrill Lynch

August 11, 2017 8:20 AM EDT

BofA/Merrill Lynch lowered its price target on Snap Inc (NYSE: SNAP) to $17.00 (from $20.00) while maintaining a Neutral rating.

... More

Drexel Hamilton Reiterates Buy Rating & $30 PT on Snap (SNAP) Following 'Good Enough' 2Q Report; 'Our Estimates and Price Target are Under Review'

August 11, 2017 7:46 AM EDT

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

Analyst Brian White notes the company delivered sales results that surpassed White's projections, despite falling short of consensus EPS and sales projections,... More

Snap Inc (SNAP) PT Lowered to $16 at Jefferies; Patient Investors Should Look Through the Noise

August 11, 2017 7:12 AM EDT

Jefferies analyst Brian Fitzgerald lowered his price target on Snap Inc (NYSE: SNAP) to $16.00 (from $30.00) while maintaining a Buy rating after its second straight miss.

While near-term issues weigh on the stock, Fitzgerald believes patient investors should look through the noise at the long term opportunity.

... More

Snap Inc (SNAP) PT Lowered to $12.50 at Piper Jaffray

August 11, 2017 6:59 AM EDT

Piper Jaffray lowered its price target on Snap Inc (NYSE: SNAP) to $12.50 (from $16.50) while maintaining a Neutral rating.

Analyst Sam kemp remains skeptical of the company's longevity citing lack of meaningful innovation as competitive pressures rise. The analyst sees potential for NT upside... More

Snap Inc (SNAP) PT Lowered to $23 at Goldman Sachs

August 11, 2017 6:36 AM EDT

Goldman Sachs lowered its price target on Snap Inc (NYSE: SNAP) to $23.00 (from $27.00) while maintaining a Buy rating.

Analyst Heath Terry still believes the company's audience and engagement levels represent a unique asset that ought to benefit from growth and diversification of... More

Snap Inc (SNAP) PT Lowered to $10 at Susquehanna

August 11, 2017 6:18 AM EDT

Susquehanna lowered its price target on Snap Inc (NYSE: SNAP) to $10.00 (from $12.00) while maintaining a Neutral rating following the second straight miss.

Analyst Shyam Patil notes Facebook is making it hard for SNAP. The quarter exhibited further monetization and user growth issues, and... More

Snap Inc (SNAP) PT Lowered to $18 at Stifel, Remains Bullish, Negatively Revises EPS Estimates

August 11, 2017 5:40 AM EDT

Stifel lowered its price target on Snap Inc (NYSE: SNAP) to $18.00 (from $22.00) while maintaining a Buy rating.

Analyst Scott Devitt believes the culprit for the company's light Q2 revenue was its ad buying mix shifting significantly to the recently launched API/self-service... More

Snap Inc (SNAP) PT Lowered to $15 at Canaccord Genuity

August 11, 2017 5:35 AM EDT

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

Analyst Michael Graham anticipates the company will go through some further growing pains but believes that sometime in 2018 the company should set... More

Snap Inc (SNAP) PT Lowered to $13 at Citi

August 11, 2017 5:33 AM EDT

Citi lowered its price target on Snap Inc (NYSE: SNAP) to $13.00 (from $19.00) while maintaining a Neutral rating.

... More

Snap Inc (SNAP) PT Lowered to $13 at Barclays, Negative FY 2017/2018 EPS Revisions

August 11, 2017 5:32 AM EDT

Barclays lowered its price target on Snap Inc (NYSE: SNAP) to $13.00 (from $18.00) while maintaining a Equalweight rating.

Analyst Ross Sandler says trends are improving but not fast enough. The analyst believes the company is making the right choices by reducing price to... More

Snap Inc (SNAP) PT Lowered to $8 at Summit Redstone

August 11, 2017 5:28 AM EDT

Summit Redstone lowered its price target on Snap Inc (NYSE: SNAP) to $8.00 (from $10.00) while maintaining a Sell rating.

Analyst Jon Kees believes the company will likely become a niche tool for advertisers seeking under 25 year olds and therefore should continue to see as... More

Snap (SNAP) CEO Evan Spiegel and CTO Bobby Murphy promise to not sell their shares this year

August 10, 2017 5:43 PM EDT

On the call, Snap (NYSE: SNAP) CEO Evan Spiegel and CTO Bobby Murphy promise to not sell their shares this year

... More