Snap Inc (SNAP) PT Raised to $21 at RBC Capital; Q3 Results 'Strong'

Snap Inc (SNAP) PT Raised to $16 at Nomura/Instinet As Guidance Meets Stretch Goal

October 23, 2019 6:17 AM EDT

Nomura/Instinet analyst Mark Kelley raised the price target on Snap Inc (NYSE: SNAP) to $16.00 (from $15.00) without changing his Neutral rating after 3Q results were ahead of the Street with Snap adding 7mn DAUs. Revenue growth was mixed across regions and the outlook... More

Stifel Reiterates Buy Rating on Snap Inc (SNAP) on Modest Beat and Meet Quarter

October 23, 2019 6:09 AM EDT

Stifel analyst, John Egbert, reiterated a Buy rating and $19.00 price target on Snap Inc (NYSE: SNAP) after the company reported upside to 3Q19 revenue, DAUs, and adj. EBITDA. The company's outlook for 4Q met Street expectations as expanded ad formats / tools, a better aligned... More

JPMorgan Upgrades Snap Inc (SNAP) to Overweight, Sees Potential to Capture Greater Ad Spend & Shift into Profitability

October 23, 2019 5:26 AM EDT

JPMorgan analyst Doug Anmuth upgraded Snap Inc (NYSE: SNAP) from Neutral to Overweight with a price target of $20.00 (from $17.00).

The analyst comments "We believe Snap shares are increasingly compelling following a 20%+ pullback from recent highs and after delivering 3Q results that we believe showed... More

Snap Inc (SNAP) PT Raised to $20 at Barclays

October 23, 2019 4:47 AM EDT

Barclays analyst Ross Sandler raised the price target on Snap Inc (NYSE: SNAP) to $20.00 (from $19.00) while maintaining a Overweight rating.... More

After-Hours Movers 10/22: (MANH) (TER) (MRNA) Higher; (IRBT) (TXN) (NOW) Lower (more...)

October 22, 2019 5:57 PM EDT

Today's After-Hours Movers

iRobot Corp. (NASDAQ: IRBT) 18.6% LOWER; reported Q3 EPS of $1.24, $0.72 better than the analyst estimate of $0.52. Revenue for the quarter came in at $289.4 million versus the consensus estimate of $259.38 million. iRobot Corp. sees FY2019 EPS of $2.60-$2.80, versus prior of $2.40-$3.15 the consensus of $2.58. iRobot Corp. sees FY2019 revenue of $1.2-1.21 billion, versus prior of $1.2-$1.25 billion and the consensus of $1.2 billion.

OPKO Health, Inc. (NASDAQ: OPK) 9.8% LOWER; announced that, subject... More

Snap disappoints with fourth-quarter revenue guidance, sending shares down

October 22, 2019 4:16 PM EDT

By Sheila Dang and Akanksha Rana

(Reuters) - Snap Inc (NYSE: SNAP) on Tuesday forecast fourth-quarter revenue largely below Wall Street estimates, sending its shares down 5% in after-market trading.

The parent company of photo messaging app Snapchat estimated fourth-quarter revenue of $540 million to $560 million, the midpoint of which was below analysts' estimate of $555.4 million, according to IBES data from Refinitiv.

The outlook overshadowed Snap's third-quarter results released on Tuesday, which showed larger-than-expected growth in daily active users. Wall Street also glossed over Snap's estimate it would reach profitability in the fourth... More

Snap (SNAP) Tops Q3 EPS by 1c, Offers Q4 Guidance

October 22, 2019 4:12 PM EDT

Snap (NYSE: SNAP) reported Q3 EPS of ($0.04), $0.01 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $446 million versus the consensus estimate of $434.79 million.

DAUs were 210 million in Q3 2019, compared to 203 million in Q2 2019 and 186 million in Q3... More