Monness announced Snap (US:SNAP), hiking its price target to $19.54 earlier today
- Updated: March 20, 2017
Snap (US:SNAP) had its target bumped up to $19.54 by Monness in a report released Monday March 20, 2017. The new stock price target indicates steady performance relative to the company's previous stock price.
On 3/16/2017, MoffettNathanson released a statement for Snap (US:SNAP) upped the target price from $0.00 to $15.00 that indicated a possible downside of -0.25%.
Just yesterday Snap (US:SNAP) traded -1.76% lower at $0.00. The company’s 50-day moving average is $22.19 and its 200-day moving average is $22.19. With the last stock price down -11.93% relative to the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.04% over the same time period. 34,251,973 shares of Snap exchanged hands, down from an average trading volume of 60,725,500
With a total market value of $0, Snap has with a one year low of $18.90 and a one year high of $29.44 .
Brief Synopsis About Snap (US:SNAP)
Snap Inc., formerly Snapchat, Inc., is a camera company. The Company's flagship product, Snapchat, is a camera application that helps people to communicate through short videos and images known as a Snap. The Company offers three ways for people to make Snaps: the Snapchat application, Publishers Tools that help its partners to create Publisher Stories, and Spectacles, its sunglasses that make Snaps. Snaps are viewed primarily through the Snapchat application, but can also be embedded on the Web or on television in certain circumstances. Snapchat opens directly into the Camera, helping in creating a Snap and sending it to friends. The Company's advertising products include Snap Ads and Sponsored Creative Tools, such as Sponsored Lenses and Sponsored Geofilters. As of December 31, 2016, on an average, 158 million people used Snapchat every day to Snap with family, watch Stories from friends, see events from around the world, and explore curated content from publishers.
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