Snap Inc (SNAP) Downgraded by Vetr Inc.

Snap Inc (NYSE:SNAP) was downgraded by equities research analysts at Vetr from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday. They currently have a $20.53 target price on the stock. Vetr‘s target price suggests a potential upside of 3.01% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. Monness Crespi & Hardt initiated coverage on shares of Snap in a research note on Monday. They set a “buy” rating and a $25.00 price target for the company. Aegis initiated coverage on shares of Snap in a research note on Friday, March 3rd. They set a “hold” rating and a $22.00 price target for the company. FBN Securities initiated coverage on shares of Snap in a research note on Thursday, March 9th. They set a “hold” rating and a $23.00 price target for the company. Susquehanna Bancshares Inc initiated coverage on shares of Snap in a research note on Friday, March 3rd. They set a “neutral” rating and a $22.00 price target for the company. Finally, Atlantic Securities initiated coverage on shares of Snap in a research note on Tuesday, February 21st. They set a “neutral” rating for the company. Seven equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. Snap has an average rating of “Hold” and an average price target of $19.22.

Analyst Recommendations for Snap (NYSE:SNAP)

Shares of Snap (NYSE:SNAP) opened at 19.93 on Tuesday. The firm has a 50-day moving average price of $22.19 and a 200-day moving average price of $22.19. Snap has a 52-week low of $18.90 and a 52-week high of $29.44. The firm’s market capitalization is $16.66 billion.

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About Snap

Snap Inc is a camera company. We believe that reinventing the camera represents our greatest opportunity to improve the way that people live and communicate. Our products empower people to express themselves, live in the moment, learn about the world, and have fun together. Our flagship product, Snapchat, is a camera application that was created to help people communicate through short videos and images.

5 Day Chart for NYSE:SNAP

To view Vetr’s full report, visit Vetr’s official website.

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