Snap shares hit record low as user growth miss unnerves investors
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Snap Inc (SNAP) PT Lowered to $15 at Cantor Fitzgerald Following 2Q
August 14, 2017 7:47 AM EDTCantor 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 EDTDrexel 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
