SNAP Has Its Shares Reduced By 2.5% By Analysts


The stocks of SNAP have their price reduced by around 2.5% in a Monday trading by analysts working at Deutsche Bank. The brokerage firm has further reduced the price target of the company from $74 to $72. The company currently has a rating of buy on the stocks. The firm had also traded to a point above $59.73. The stock had finished strong at $61.30 previously.

The Stock Commentary Of SNAP

There have been quite a few research equities that have commented on the stocks of SNAP. Rosenblatt Securities has also increased the price target of the company from $70 to $100 along with a rating of buy in a 2nd March research report. Wolfe Research has also put up a rating of “outperform” with a price target of $65 on the stocks of the company in a 31st March research report.

Pivotal Research has also set up a rating of buy with a price target of $95 in a 24th February research report. In the end, Atlantic Securities ended up raising the price rating of the company from neutral to overweight with a price target of $75 in a 13th April research note. 

One of the investment analysts has given the company a rating of sell, while six others have given it a rating of hold. Around thirty others have given the company a rating of buy. Currently, SNAP has a buy rating with a $67.71 price target.  

The moving average price of SNAP over a period of 50 days is $57.96, with the moving average price of the company over 200 days set at $51.18. The debt-to-equity ratio of the company is 0.75, with a 5.43 quick ratio, and a 5.43 current ratio. The market cap of the firm is $89.82 billion, with a -81.73 PE ratio, and a 1.29 beta.