Courtesy of Benzinga.
Since reaching its all-time high in February, Snap Inc (NYSE: SNAP) has traded down all the way down to its $17 IPO price, and the Vetr community has downgraded the stock from 4.5 stars to 4 stars. The company’s first earnings report saw misses on both EPS and revenue estimates.
See how crowdsourced ratings can help predict the market?
Vetr members have given Snap a Buy rating and a $19.38 price target. This price target fairs lower than the $23.08 price target from professional analysts. The stock opened Wednesday around $17.35.
Of all Vetr raters, 62.9 percent believe traders and investors should buy Snap stock.
For Vetr’s full analysis of Snap, go here.
Posted-In: VetrDowngrades Price Target Crowdsourcing Analyst Ratings General