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-0.000835073068893659 -0.000835073068893659 0.00125260960334019 0 -0.00584551148225472 -0.00626304801670155 -0.00501043841336121 -0.00542797494780804
Stock impact report

Snapchat Will Be a Stock Market Dog [Fortune]

Snap Inc. Class A (SNAP) 
Last snap inc. class a earnings: 4/21 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investor.snap.com/company-profile
Company Research Source: Fortune
Snapchat lured a herd of IPO starved investors , sending the stock soaring. But that upward trajectory may disappear quickly. At least that's the growing opinion of influential group of Wall Street stock pickers. The average prediction of the analysts who have issue a recommendation on Snap Inc. is that the shares of the photo sharing company could plunge 40% in the next year. That means these Wall Streeters believe the shares, which closed at just under $24 on Wednesday, could go as low as just below $18 in the next year. So far, seven analysts have issued a rating on the stock, none of which work at firms that helped sell the Snapchat's IPO. Five say the stock is a "Sell," while another two are calling the stock a "Hold." Not a single analyst has yet to recommend the stock. And that growing skepticism could be what drove shares of Snapchat down as much as 12% in trading Monday. The negative outlook for Snap's shares is notable not just because it's a hot IPO, but also be Show less Read more
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