Stifel Nicolaus Believes Snap Inc (SNAP) Won’t Stop Here
In a report released today, John Egbert from Stifel Nicolaus maintained a Buy rating on Snap Inc (SNAP), with a price target of $19. The company’s shares opened today at $16.29, close to its 52-week high of $18.36.
According to TipRanks.com, Egbert is a 4-star analyst with an average return of 19.5% and a 52.1% success rate. Egbert covers the Technology sector, focusing on stocks such as Tencent Music Entertainment Group, Spotify Technology SA, and Yelp Inc.
Currently, the analyst consensus on Snap Inc is a Moderate Buy with an average price target of $16.78, a 3.0% upside from current levels. In a report issued on July 22, Rosenblatt Securities also initiated coverage with a Buy rating on the stock with a $21 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 29.2M.
Based on the recent corporate insider activity of 130 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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