Snap (US:SNAP) Price Target & New Coverage by MoffettNathanson
Research professionals at MoffettNathanson started coverage on Snap (US:SNAP) with Sell rating. The TP for SNAP is $15.0. It gives a potential downside of -24.59 % from company’s last stock close price.
In spite of the new coverage US:SNAP is right now trading -4.24% lower at $19.89 as of 2:05 PM New York time. Snap shares have [From2] 0% over the past 200 days, while the S&P500 has surged 13.56% in the same time.
Snap (US:SNAP) Profile
Snap Inc., formerly Snapchat, Inc., is a camera company. The Company’s flagship product, Snapchat, is a camera application that helps people to communicate through short videos and images known as a Snap. The Company offers three ways for people to make Snaps: the Snapchat application, Publishers Tools that help its partners to create Publisher Stories, and Spectacles, its sunglasses that make Snaps.
Snap (US:SNAP) traded down -4.24% on 16 March, hitting $19.89. A total of 25.63 million shares of the company’s stock traded hands. This is down from average of 66.98 million shares. Snap has a 52 week low of $19.75 and a 52 week high of $29.44. The company has a market cap of $23.83 billion and a P/E ratio of 0.
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The post Octafinance Looks at Why the Professional Analysts at MoffettNathanson has initiated Coverage on Snap (US:SNAP) With Sell Rating and Target Price of $15.0 appeared first on Octafinance.