Snap stock jumps after analyst says 'the worst is behind' it [MarketWatch]
Snap Inc. Class A (SNAP)
Last snap inc. class a earnings: 4/21 04:10 pm
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Source: MarketWatch
Snap stock jumps after analyst says 'the worst is behind' it Snap Inc. SNAP, +0.60% shares rallied 5.9% in Tuesday trading after analysts at Barclays upgraded the stock to overweight from equal weight. The firm is upbeat on Snap's decision to redesign its app and sort content in an algorithmic way, rather than in chronological order. The analysts noted that Twitter and Instagram "benefited greatly" from similar shifts. Barclays also expects the company to start meeting Wall Street's revenue expectations and post accelerating growth. "In short, we think the worst is behind Snap and the company is likely to get back on track in 2018," the analysts wrote. Snap shares have lost 15.5% of their value since the company's March IPO. The S&P 500 SPX, +0.30% is up 11% in that time.
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SNAP
News
- Snap Inc. (NYSE: SNAP) had its price target raised by analysts at Stifel Nicolaus from $12.00 to $13.00. They now have a "hold" rating on the stock.MarketBeat
- Snap Inc. (NYSE: SNAP) had its price target raised by analysts at Truist Financial Co. from $12.00 to $16.00. They now have a "hold" rating on the stock.MarketBeat
- Snap Inc. (NYSE: SNAP) had its price target raised by analysts at Royal Bank of Canada from $13.00 to $16.00. They now have a "sector perform" rating on the stock.MarketBeat
- Why Snap (SNAP) is a Top Growth Stock for the Long-Term [Yahoo! Finance]Yahoo! Finance
- Snap Inc. (NYSE: SNAP) had its price target raised by analysts at Barclays PLC from $15.00 to $17.00. They now have an "overweight" rating on the stock.MarketBeat
SNAP
Earnings
- 4/25/24 - Beat
SNAP
Sec Filings
- 4/26/24 - Form 10-Q
- 4/25/24 - Form 8-K
- 4/18/24 - Form 4
- SNAP's page on the SEC website