Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Snap Inc    SNAP


News SummaryMost relevantAll newsSector newsTweets 

Snap : snaps back after analyst assigns first 'buy' rating

share with twitter share with LinkedIn share with facebook
share via e-mail
03/20/2017 | 05:51pm CEST
A woman stands in front of the logo of Snap Inc. on the floor of the New York Stock Exchange (NYSE) while waiting for Snap Inc. to post their IPO, in New York City

Snap Inc stock rose on Monday after the Snapchat owner received its first "buy" rating from a Wall Street analyst following a $3.4 billion (2.75 billion pounds) public listing this month that raised the eyebrows of many on Wall Street.

The social media company's public listing on March 1 was the hottest by a technology firm in three years, but after two days of explosive gains, its stock has mostly fallen as investors worry about Snap's high valuation and lack of profitability.

Based on the average of analysts' buy, sell and neutral recommendations, Snap is the worst-rated stock among 288 U.S. companies that have a market capitalisation of at least $20 billion, according to Thomson Reuters data.

Crespi, Hardt & Co analyst James Cakmak on Monday gave Snap its first "buy" rating and a $25 target price. Its stock at midday was up 2.09 percent at $19.96.

"We see a company with the potential to outpace revenue growth of peers by 7x, along with a steep margin trajectory, while peer margins have likely peaked," he said in a report.

Cakmak's recommendation stands out among reports by analysts concerned about Snap's slowing user growth, widening losses and lack of voting rights for outside investors. Snap has warned it may never be profitable.

Another five analysts have recommended selling Snap while four analysts have neutral ratings.

In its first two days of trading, Snap surged 59 percent from its $17 IPO price. Since then, it has lost 26 percent.

(Reporting by Noel Randewich; Editing by Cynthia Osterman)

By Noel Randewich

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on SNAP INC
06/22 SNAP INC : Lundin Law PC Announces Securities Class Action Lawsuit against Snap ..
06/22 SNAP INC : Levi & Korsinsky, LLP Reminds Shareholders of Snap Inc. of a Class Ac..
06/22 JFJN LAW Reminds Investors With Losses of A Securities Class Action Against S..
06/22 SNAP INC : SHAREHOLDER REMINDER: Deadline in Class Action Lawsuit Filed Against ..
06/22 SNAP INC : Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Action ..
06/21 SNAP INC : Khang & Khang LLP Announces Securities Class Action Lawsuit against S..
06/21 SNAP INC : Pomerantz Law Firm Reminds Shareholders with Losses on their Investme..
06/20 SNAP INC : Lundin Law PC Announces Securities Class Action Lawsuit against Snap ..
06/20 SNAP INC : SNAP The Law Offices of Vincent Wong Reminds Investors of a Class Act..
06/20 SNAP INC : Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Action ..
More news
Sector news : Mobile Application Software
06/22 ALPHABET : Google pushes framework for law enforcement access to overseas data
06/22DJMICROSOFT : EVR Holdings Signs Deal with Microsoft
06/22 ORACLE : profit beats as cloud shift gains steam, shares at record
06/21DJCloud-Computing Business Lifts Oracle's Profit -- Update
06/21DJORACLE : Cloud-Computing Business Lifts Oracle's Profit -- 2nd Update
More sector news : Mobile Application Software
News from SeekingAlpha
06/22 Snap Map feature powered by $250M-plus purchase of Zenly
06/22 Snap Acquires Zenly For Location Sharing App
06/22 FAANG Is Now A Textbook Example Of An Overheated, Unsustainable Market
06/22 Snap Inc. - Snap In The Box
06/20 Instagram Stories hits 250M daily users; Snap -2.9%
Financials ($)
Sales 2017 988 M
EBIT 2017 -752 M
Net income 2017 -3 173 M
Finance 2017 1 696 M
Yield 2017 -
P/E ratio 2017 -
P/E ratio 2018
EV / Sales 2017 18,9x
EV / Sales 2018 10,1x
Capitalization 20 363 M
More Financials
Duration : Period :
Snap Inc Technical Analysis Chart | SNAP | US83304A1060 | 4-Traders
Full-screen chart
Technical analysis trends SNAP INC
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus HOLD
Number of Analysts 36
Average target price 20,9 $
Spread / Average Target 21%
Consensus details
EPS Revisions
More Estimates Revisions
Evan Thomas Spiegel Chief Executive Officer
Michael M. Lynton Chairman
Anrew Vollero Chief Financial Officer
Robert C. Murphy Director & Chief Technology Officer
Philippe Browning Vice President-Advertising & Mobile Operations
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
SNAP INC0.00%20 411
MOMO INC (ADR)110.56%7 369
GRUBHUB INC23.71%3 913
COLOPL INC15.42%1 312
GUNOSY INC61.77%447
More Results