After Guggenheim and Aegis Capital gave Snap Inc (NYSE: SNAP) a Buy rating last month, the company received another Buy, this time from Credit Suisse. Analyst Stephen Ju maintained a Buy rating on Snap Inc today and set a price target of $22.00. The company’s shares closed last Monday at $14.00.
According to TipRanks.com, Ju is a top 100 analyst with an average return of 16.8% and a 67.1% success rate. Ju covers the Technology sector, focusing on stocks such as Activision Blizzard, Boingo Wireless Inc, and IAC/InterActiveCorp.
Currently, the analyst consensus on Snap Inc is a Moderate Buy with an average price target of $18.14, a 29.6% upside from current levels. In a report issued on October 8, Aegis Capital also maintained a Buy rating on the stock with a $24.00 price target.
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The company has a one-year high of $18.36 and a one-year low of $4.82. Currently, Snap Inc has an average volume of 30.74M.
Based on the recent corporate insider activity of 143 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SNAP in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Snap, Inc. engages in the operation of its camera platform. Its products include Snapchat, using the camera and editing tools to take and share Snaps, Friends Page, which lets users create and use Stories, Groups, Video and Chat, Discover for searching and surfacing relevant Stories, Snap Map, which shows friends, Stories and Snaps near the user, Memories, for saving personal collections, and Spectacles, wearable sunglasses capable of taking Snaps and interacting directly with the Snapchat application. The company’s primary source of revenue is advertising. Snap was founded by Frank Reginald Brown IV, Evan Thomas Spiegel, and Robert C. Murphy in 2010 and is headquartered in Santa Monica, CA.
