Shares of Snap Inc (SNAP) stock jumped more than 12% after the company was upgraded by BTIG. Richard Greenfield, who has never held a buy rating on SNAP stock, raised the target price to $15 on rising advertising revenue expectations.
Snap Inc (SNAP) stock has risen 12.54% while the S&P 500 is lower by -0.13% as of 2:21 PM on Thursday, Mar 14. SNAP stock has gained $1.26 from the previous closing price of $10.05 on volume of 61,345,461 shares. Over the past year the S&P 500 is up 2.10% while SNAP is lower by -36.64%. SNAP stock lost -$0.96 share in the over the last 12 months.
Meanwhile, the major indices are falling. The Dow Jones Industrial Average is down -0.02%. The NASDAQ is lower by -0.07%. The S&P 500 is lower by -0.13%.
Stock Score Report, InvestorsObserver’s proprietary scoring system, gives SNAP stock a score of 41 out of a possible 100. That score is based on three component scores. A fundamental score of 2, a long-term technical score of 78 and a short-term technical score of 43.
The highest target price in the analyst forecast for SNAP stock is $40, which is 252.4% higher than the stocks current price, but the mean target price for SNAP stock is $10.46. This means analysts expect the stock to decrease 7.52% over the next 12 months. SNAP’s score also includes a short-term technical score of 43. The long-term technical score for SNAP is 78.
Our proprietary system combines short and long-term technical factors, Wall Street’s opinion, and other fundamental factors into an overall score that measures a stock’s suitability for investment.
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