Monness Sticks to Its Hold Rating for Snap Inc (SNAP)
Monness analyst Brian White maintained a Hold rating on Snap Inc (SNAP) today. The company’s shares closed yesterday at $14.83, close to its 52-week high of $16.24.
According to TipRanks.com, White is a top 25 analyst with an average return of 27.6% and a 77.2% success rate. White covers the Technology sector, focusing on stocks such as Spotify Technology SA, Salesforce.com, and Alphabet Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Snap Inc with a $16.52 average price target, representing an 11.4% upside. In a report released today, UBS also upgraded the stock to Hold with a $16 price target.
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The company has a one-year high of $16.24 and a one-year low of $4.82. Currently, Snap Inc has an average volume of 26.54M.
Based on the recent corporate insider activity of 134 insiders, corporate insider sentiment is negative on the stock.
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Snap, Inc. engages in the operation of its camera platform. It is also involved in the provision of advertising services by helping its partners in generating return on investments. Its products include Snapchat, publisher tools, and spectacles.
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