Snapchat Finally Gets A 'Buy' From The Sell Side
March 20, 2017 - 1:22pm
Snap Inc (NYSE: SNAP) has finally over its first sell-side analyst. After a plethora of Sell and Hold initiations, analysts at Monness Crespi Hardt initiated coverage of Snapchat's parent company with a Buy rating and $25 price target.
According to the analysts, initiation of the very new public company with a Buy rating may be giving the company too much credit for its "unproven skills in building a business," the fact is there is more to Snap's story than many suggest.
The analysts also acknowledged that there is "substantial execution risk" involving in Snap's investment. However, at this point in time the analysts are prepared to give Snap the ...Full story available on Benzinga.com
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