Snap (SNAP) Tops Q3 EPS by 1c, Miss on Revenues; to Redesign App

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

November 8, 2017 9:26 AM EST

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

Analyst Jason Helfstein said while the level of product innovation remains extremely high, the company is only now approaching the end of its transition to auction-based pricing (80%... More

Snap Inc (SNAP) PT Lowered to $17 at Credit Suisse, See Monetization Direction Becoming Clearer

November 8, 2017 9:20 AM EST

Credit Suisse lowered its price target on Snap Inc (NYSE: SNAP) to $17.00 (from $20.00) while maintaining a Outperform rating.

Analyst Stephen Ju believes the company's investment thesis is not impaired but rather moving at a slow pace than previously expected. The analyst steps... More

Needham Remains Negative on Snap (SNAP)

November 8, 2017 7:43 AM EST

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

Analyst Laura Martin believes investors would be please with faster user growth and any innovation that Facebook wouldn't copy. The analyst also expects the downdraft in pricing to be a strong... More

Snap Inc (SNAP) PT Lowered to $16 at BofA/Merrill Lynch

November 8, 2017 7:26 AM EST

BofA/Merrill Lynch lowered its price target on Snap Inc (NYSE: SNAP) to $16.00 (from $17.00) while maintaining a Neutral rating.

Analyst Justin Post believes the platform, monetization, and strategy are still a work in progress and elects to remain sidelined.

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Snap (SNAP) Challenges Remain - Susquehanna

November 8, 2017 6:24 AM EST

Susquehanna maintains Neutral on Snap Inc (NYSE: SNAP) price target of $10.00.

Analyst Shyam Patil comments there i snot much to say following the third straight earnings miss as competition from Facebook and Instagram persist, saturated core demographic continues to struggle, and... More

JPMorgan Downgrades Snap Inc (SNAP) to Underweight

November 8, 2017 5:35 AM EST

JPMorgan downgraded Snap Inc (NYSE: SNAP) from Neutral to Underweight with a price target of $10.00 (from $14.00).

Analyst Doug Anmuth believes the platform redesign carries greater risks as the company's heavily engaged user base could be disrupted as the daily users... More

Snap Inc (SNAP) PT Lowered to $28 at Drexel Hamilton

November 8, 2017 5:23 AM EST

Drexel Hamilton lowered its price target on Snap Inc (NYSE: SNAP) to $28.00 (from $30.00) while maintaining a Buy rating.

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Snap Inc (SNAP) PT Raised to $14 at Citi

November 8, 2017 5:18 AM EST

Citi raised its price target on Snap Inc (NYSE: SNAP) to $14.00 (from $13.00) while maintaining a Neutral rating.

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UPDATE: UBS Downgrades Snap Inc (SNAP) to Sell

November 8, 2017 5:13 AM EST

(Updated - November 8, 2017 7:17 AM EST)

(updated to expand analyst comment)

UBS downgraded Snap Inc (NYSE: SNAP) from Neutral to Sell with a price target of $7.00 (from $12.00).

The analyst acknowledges that scaling users and the ad business are proving to be... More

Challenges Abound for Snap (SNAP) - Summit Redstone

November 8, 2017 5:12 AM EST

Summit Redstone maintains Sell on Snap Inc (NYSE: SNAP) price target of $8.00.

Analyst Jonathan Kees believes there are more challenges for the company than just Facebook. The analyst says advertisers will likely avoid the platform until it becomes a "must do" much... More

Snap Inc (SNAP) PT Lowered to $13 at Wells Fargo

November 8, 2017 4:43 AM EST

Wells Fargo lowered its price target on Snap Inc (NYSE: SNAP) to $13.00 (from $15.00) while maintaining a Market Perform rating.

Analyst Peter Stabler cuts his PT to adjust for downward revisions of his model estimates. The analyst sees challenges ahead as the... More

Snap Inc (SNAP) PT Lowered to $11 at Barclays

November 8, 2017 4:41 AM EST

Barclays lowered its price target on Snap Inc (NYSE: SNAP) to $11.00 (from $13.00) while maintaining a Equalweight rating.

Analyst Ross Sandler remains positive on the LT vision of management but lowers his PT citing weak trajectory of user and ad growth... More

Snap Inc (SNAP) PT Lowered to $12 at Canaccord Genuity

November 8, 2017 4:39 AM EST

Canaccord Genuity lowered its price target on Snap Inc (NYSE: SNAP) to $12.00 (from $15.00) while maintaining a Hold rating.

Analyst Michael Graham remains positive on the company noting the inherent value in the platform. The analyst remains sidelined noting the lack of... More

Stifel Downgrades Snap Inc (SNAP) to Hold

November 8, 2017 4:38 AM EST

Stifel downgraded Snap Inc (NYSE: SNAP) from Buy to Hold with a price target of $13.00 (from $18.00).

Analyst Scott Devitt says significant upside from the current valuation level is difficult to justify noting the weak trajectory of the business. The analyst does not like... More

William Blair Remains Positive on Snap (SNAP)

November 8, 2017 4:36 AM EST

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

Analyst Ralph Schackart remains positive on the company noting that engagement continues to increase whilst the shift to programmatic ad buying is pressuring NT pricing.

For an analyst ratings summary and... More

Snap Inc (SNAP) PT Lowered to $8 at Pivotal Research

November 8, 2017 4:36 AM EST

Pivotal Research lowered its price target on Snap Inc (NYSE: SNAP) to $8.00 (from $9.00) while maintaining a Sell rating.

Analyst Brian Wieser remains negative on the stock and adjusts some of this model assumption downward following the Q3 report which cuts his... More

Snap (SNAP) slammed 17% following results with Revenue, DAUs missing consensus

November 7, 2017 4:23 PM EST

Snap (NYSE: SNAP) slammed 17% following results with Revenue, DAUs missing consensus

... More