Equities researchers at Goldman Sachs Group Inc began coverage on shares of Snap Inc (NYSE:SNAP) in a report released on Monday. The firm set a “buy” rating and a $27.00 price target on the stock. Goldman Sachs Group Inc’s price objective would suggest a potential upside of 18.73% from the stock’s current price.
A number of other equities analysts have also commented on SNAP. Atlantic Securities started coverage on Snap in a research note on Tuesday, February 21st. They issued a “neutral” rating on the stock. Aegis started coverage on Snap in a research note on Tuesday, February 28th. They issued a “hold” rating and a $22.00 price objective on the stock. Pivotal Research started coverage on Snap in a research note on Thursday, March 2nd. They issued a “sell” rating and a $10.00 price objective on the stock. Nomura started coverage on Snap in a research note on Thursday, March 2nd. They issued a “reduce” rating and a $16.00 price objective on the stock. Finally, Instinet started coverage on Snap in a research note on Thursday, March 2nd. They issued a “reduce” rating and a $16.00 price objective on the stock. Eight analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company. Snap has a consensus rating of “Hold” and a consensus price target of $22.08.
Snap (NYSE:SNAP) traded up 2.90% during midday trading on Monday, hitting $23.40. The stock had a trading volume of 12,862,703 shares. The stock’s market capitalization is $19.56 billion. Snap has a 1-year low of $18.90 and a 1-year high of $29.44. The stock’s 50-day moving average is $22.01 and its 200-day moving average is $22.01.
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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.
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