Snap Gets Its Second Downgrade This Week

Snap Gets Its Second Downgrade This Week

This week has been quite a roller coaster for Snap (NYSE: SNAP). Shares fell to an all-time low earlier this week in the wake of a downgrade from Morgan Stanley, which cited a handful of notable challenges that the company faces in growing its ad business. A couple days later, Stifel Nicolaus upgraded its rating on Snap, believing that the recent pullback represents "compelling upside if Snap executes on monetization."

Well, Snap just received another downgrade this morning, this time from Cowen (via Tech Trader Daily).

Image source: Snap.

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Source: Fool.com