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Morgan Stanley Reiterates Underweight on Snap (SNAP) Following 2Q
August 8, 2018 8:02 AM EDTMorgan Stanley reiterated an Underweight rating and $7.50 price target on Snap Inc (NYSE: SNAP) following the company's 2Q earnings report. 2Q revenue and EBITDA were better than feared, but 2Q user declines expected to continue in 3Q highlight still-existing platform... More
Nomura/Instinet Remains Sidelined on Snap (SNAP) Following 2Q
August 8, 2018 7:22 AM EDTNomura/Instinet reiterated a Neutral rating and $13.00 price target on Snap Inc (NYSE: SNAP) following the company's 2Q earnings report. Results were better despite declining DAUs, and analyst Mark Kelley thought the commentary around the Android rebuild indicated that there might... More
BTIG Remains Sidelined on Snap (SNAP) After Lowering Estimates Again
August 7, 2018 7:55 AM EDTBTIG reiterates a Neutral rating on Snap Inc (NYSE: SNAP) after lowering estimates again. Even though Snapchat, much like a WhatsApp or iMessage, is a communications platform at its core. Content platforms are working to enable more communication between users and messaging platforms are... More
