Why This Analyst Sees 19% Upside In Snap?

  • RBC Capital analyst Brad Erickson initiated coverage of Snap Inc SNAP with an Outperform rating and $88 price target, suggesting a 19.1% upside.
  • He sees Snap having "all the trimmings of a strong social media business narrative," given its secularly growing ad market, evolving direct response offering, and new products.
  • Price Action: SNAP shares traded higher by 1.41% at $74.91 in the premarket session on the last check Friday.
SNAP Logo
SNAPSnap Inc
$8.583.00%

Stock Score Locked: Want to See it?

Benzinga Rankings give you vital metrics on any stock – anytime.

Reveal Full Score
Edge Rankings
Momentum
22.91
Growth
41.68
Quality
-
Value
25.09
Price Trend
Short
Medium
Long
Market News and Data brought to you by Benzinga APIs
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm

Posted In:
Comments
Loading...