SNAP Receives General “Buy” Rating From Analysts


Snap Incorporated (NYSE: SNAP) shares have been given a general “buy” recommendation from the 39 analysts who are researching the company. 6 analysts have recommended a “hold” rating while 27 of them have recommended a “buy” rating. The general yearly price target for the stock stands at $67.31.

Stock Commentary Of SNAP

Several research analysts have issued their reports on the shares recently. Wells Fargo & Company increased their price target to $62 from $44 while issuing a rating of “overweight” on 28th January, Thursday. Rosenblatt Securities increased their target price to $100 from $70 while issuing a rating of “buy” on 2nd March, Tuesday. Citigroup Inc. increased its target price to $47 from $40 on 4th May, Tuesday. Barclays increased their target price to $75 from $66 on 23rd April, Friday. Truist increased their objective price to $84 from $61 on 24th February, Wednesday.

On Monday, the shares opened at a value of $52.99. The moving average over 50 days stands at $57.53 while for 200 days it stands at $53.93. The market capitalization of the company stands at $80.73B with a 1.29 beta. The highest and lowest value of the stock over a period of one year is $73.59 and $16.51 respectively. The latest data on SNAP’s quarterly earnings were published on 22nd April, Thursday. An EPS of $0.19 was reported overshooting the estimated $0.02 EPS.

Robert C. Murphy, the CTO, had sold off 950,000 SNAP shares on 26th April, Monday at a $59.52 average price per share. Jerry James Hunter, the VP, also sold off 47,505 shares on Tuesday at a $62.46 average price per share.

Joseph P. Lucia & Associates LLC, Howe & Rusling Inc., Private Capital Group LLC, Riggs Asset Management Co. Inc., and Capital Asset Advisory Service LLC all purchased a new share of SNAP.