Snap snaps back after analyst assigns first 'buy' rating
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Drexel Hamilton Starts Snap Inc (SNAP) at Buy, $30 PT
March 21, 2017 4:16 PM EDTDrexel Hamilton initiates coverage on Snap Inc (NYSE: SNAP) with a Buy rating and a price target of $30.00.
Analyst Brian J. White commented:
We are initiating coverage of Snap with a BUY rating and a $30 12-month price target.Snap is a very unique tech company that should not be pigeonholed in a particular industry, or investors risk missing the forest for the trees. Snap views itself as a camera company and we believe this fosters a mindset for innovation to transcend the boundaries of its competitors. We view Snap... More