Morgan Stanley Downgrades Snap Inc (SNAP) to Underweight

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

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

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

Piper Jaffray on Snap (SNAP): 'Tencent Investment Not a Material Thesis Changer'

Piper Jaffray maintains Neutral on Snap Inc (NYSE: SNAP) price target of $12.50.

Analyst Sam Kemp does not see the investment as a game changer for the following reasons:

Needham Remains Negative on Snap (SNAP)

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

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.

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

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

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

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

UPDATE: UBS Downgrades Snap Inc (SNAP) to Sell

(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

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

Tencent's China Literature in smashing debut, boosts outlook for Hong Kong tech IPOs

By Jennifer Hughes and Julie Zhu

HONG KONG (Reuters) - Tencent's e-book unit China Literature Ltd saw its shares surge more than 80 percent in their debut on Wednesday, as Hong Kong investors embrace a rush of tech listings, marking the biggest first-day gain for a large IPO globally this year.

The company's stunning debut has shown that Hong Kong has raised its game as it strives to compete with the New York and Nasdaq exchanges - the more traditional home for Chinese tech IPOs seeking to attract international investors.

China Literature's shares doubled to... More

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

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

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

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

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)

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

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

RBC Capital Downgrades Snap Inc (SNAP) to Sector Perform

RBC Capital downgraded Snap Inc (NYSE: SNAP) from Outperform to Sector Perform with a price target of $15.00 (from $20.00).

Analyst Mark Mahaney says visibility on the business is poor following the Q3 report which missed his expectations for revenues and DAUs as Programmatic ad... More

UPDATE: Snap Inc (SNAP) PT Lowered to $12 at Cowen

(Updated - November 8, 2017 5:21 AM EST)

(updated to correct PT)

Cowen lowered its price target on Snap Inc (NYSE: SNAP) to $12.00 (from $14.00) while maintaining a Market Perform rating.

Analyst John Blackledge remains sidelined given the output of his DCF model. The... More

Snap (SNAP) Is A Structurally Challenged Company Over the Long-term - Piper Jaffray

Piper Jaffray maintains Neutral on Snap Inc (NYSE: SNAP) price target of $12.50.

Analyst Sam Kemp believes the quarter was weak across the board and remains sidelined noting that management has yet to un-earth a consistent strategy. The analyst sees some NT upside... More