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
06:30p SNAP : Glancy Prongay & Murray Announces the Filing of a Securities Class Action..
04:31p Kessler Topaz Meltzer & Check, LLP Announces Class Action Lawsuit Filed Again..
05/20 SNAP : RM LAW Announces Class Action Lawsuit Against Snap, Inc.
05/19 JFJN LAW Announces Securities Class Action SNAP INC. – SNAP
05/19 Khang & Khang LLP Announces a Securities Class Action Lawsuit against Snap In..
05/19 SNAP INC : Research Report: Snap's Share of Upcoming $53.98 Billion (2021) Affec..
05/18 SNAP : Shareholder Class Action Filed Against Snap Inc. - Snap
05/18 Goldberg Law PC Announces the Filing of a Securities Class Action Lawsuit aga..
05/18 Lundin Law PC Announces a Securities Class Action Lawsuit against Snap Inc. a..
05/18 Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against Sn..
More news
Sector news : Mobile Application Software
05/19DJSERVICENOW : Correction to Update of Salesforce Sees Revenue Gains Article
05/19DJSALESFORCE COM : Eases Revenue Worries -- WSJ
05/18DJMicrosoft Extends Cloud-Computing Arms Race to Africa
05/17DJNew Threats Fuel Fears of Another Global Cyberattack
05/16 MICROSOFT : Cyber attack could spark lawsuits but not against Microsoft
More sector news : Mobile Application Software
News from SeekingAlpha
07:05a Long On Europe, Long On Analog Devices, And 3 Stocks To Avoid
05/21 Tracking Dan Loeb's Third Point Portfolio - Q1 2017 Update
05/19 How Long Is Your Retirement Runway?
05/18 The Good, The Bad, And The Ugly For Snap Investors
05/18 Tracking George Soros's Portfolio - Q1 2017 Update
Financials ($)
Sales 2017 1 000 M
EBIT 2017 -1 155 M
Net income 2017 -3 123 M
Finance 2017 1 693 M
Yield 2017 -
P/E ratio 2017 -
P/E ratio 2018
EV / Sales 2017 21,9x
EV / Sales 2018 11,5x
Capitalization 23 583 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 21,4 $
Spread / Average Target 7,0%
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%23 583
MOMO INC (ADR)137.11%8 475
GRUBHUB INC15.28%3 739
COLOPL INC14.82%1 304
GUNOSY INC43.85%412
More Results