Snap, the owner of popular photo-messaging app Snapchat, got a new pair of Wall Street-high price targets on Tuesday. Aegis Capital raised Snap’s price target to $US24 from $US19, the highest on Wall Street, and reiterated its “buy” rating on the stock. Guggenheim Partners upgraded the company to a “buy” […]
Snap beat on both the top and bottom lines. The company also said its daily active-user count stabilised in the period after two quarters of decline. Snap shares under pressure over the past year as the company lost popularity following its redesign and had to deal with sustained pressure from […]
Snap‘s price target was slashed from $US7 to $US5 at Morgan Stanley. The bank maintained its “underweight” rating. Morgan Stanley was the lead underwriter for Snap’s initial public offering in March 2017. When the firm issued its first research note on Snap, it had a $US28 price target and “overweight” […]
Snap shares plunged Wednesday after the company said CFO Tim Stone was leaving to “pursue other opportunities.” The announcement marked the second CFO exit in eight months, and is the latest in a slew of key executive departures over the past year. The reaction from Wall Street analysts who cover […]
Snap was downgraded at Pivotal Research after analyst Brian Wieser said it may need to give out more stock to keep key employees. The social-media company has recently seen a string of executive departures as it contends with large financial losses, a plunging stock price, and a declining user base. […]
The New York Stock Exchange reportedly used stand ins when it attempted to lure Snap‘s initial public offering, the New York Post reported Friday. Executives at the Big Board ordered dozens of employees to head down to the trading floor to make it look busier than it really was in […]
Snap revealed that it has responded to subpoenas from the DOJ and SEC on issues related to the company’s IPO disclosures, according to Reuters. Investors allege that Snap misled the public about how competition from Facebook’s Instagram service had affected the company’s growth, Reuters said. Snap has been struggling this […]
Snap was up about 1.5% Friday, and on track to post its first gain in eight trading days. Shares have found support near $US11.50 over the past couple of trading sessions. Follow Snap’s stock price in real-time here. Snap shares were grinding higher Friday, up about 1.5% at $US11.58, and […]
Snap’s user growth looks solid, at least for the moment, Deutsche Bank analyst Lloyd Walmsley said. Shares have been rallying over the past week, with some positive Wall Street commentary helping. Watch Snap trade in real time here. Snap‘s user growth is looking up, according to Deutsche Bank. “Snap’s user […]
Snap is in the midst of a five-day rally. Shares have gained more than 20% in that span. A research note from notorious short-seller Andrew Left sparked the mini run, according to several sources. Watch Snap trade in real time here. Snap is jumping Tuesday, up 3.08% to $US12.70 a […]
Snap shares have spiked 16% over the last four trading sessions. Shares tanked during the month of May as short interest rose, providing the perfect “backdrop” for positive momentum on any bullish sentiment, USAA Senior Equity Analyst Jason Lincoln told Business Insider. M&A speculation isn’t hurting the stock either. Watch […]
Snap is rising Tuesday morning following the departure of its chief financial officer Andrew Vollero. He will be replaced by a 20-year Amazon veteran Tim Stone. Follow Snap’s stock price in real-time here. Shares of Snap rose 1.5% in early trading Tuesday, breaking a five day losing streak, following the […]
Snap‘s first-quarter earnings were a disaster, and analysts up and down Wall Street are downgrading the stock. But the company’s future isn’t as bleak as everyone thinks, according to RBC Capital Markets analyst Mark Mahaney. Snap is innovating on its advertising platform, which can draw even more advertisers in, he […]
Snap is set to open Wednesday near a record low after its earnings disaster. The company attributed its revenue miss to the Snapchat redesign. It warned that its second-quarter growth rate will decelerate. Watch Snap trade in real time here. Snap shares are trading lower by 20% and at a […]
Snap shares are rallying after the company released the details of its new and improved version of its Spectacles. The new version will incorporate things that customers had wanted, according to Snap Senior Vice President of Hardware Mark Randall. Watch Snap trade in real time here. Snap shares are rising […]
Snapchat‘s growth rate has stalled dramatically in recent months, but saw an uptick in March. New data from comScore show the company may be shrugging off the effects of its disastrous redesign. Follow Snap’s stock price in real-time here. Snapchat‘s usage is finally getting a boost following its disastrous redesign […]
Snap disclosed Spectacles 2.0 are in the works in a regulatory filing Tuesday. Shares of the company popped 3% when the news hit markets Wednesday. Track Snap’s stock price in real-time here. Shares of Snapchat’s parent company, Snap Inc., popped more than 3% Wednesday after the company confirmed it would […]
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