Should You Follow These Analysts Out of Snap Inc. Stock?
Snap (NYSE: SNAP), the parent company of social media app Snapchat, was one of the most disappointing IPOs of the year. The company went public at $17 per share in early March, dipped below $12 in mid-August, then gradually rebounded to about $14.
As a result, many analysts have been downgrading the stock. Three months ago, 11 analysts rated Snap as a "buy", 19 called it a "hold", and three called it a "sell". Today, only six analysts think it's a "buy", 21 analysts call it a "hold", and six analysts rate it a "sell".
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Source: Fool.com
