Snap Inc (SNAP) PT Lowered to $15 at Susquehanna; Facebook Making Life Difficult
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Price: $4.46 -3.67%
Rating Summary:
20 Buy, 40 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 13 | New: 24
Rating Summary:
20 Buy, 40 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 13 | New: 24
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Susquehanna lowered its price target on Snap Inc (NYSE: SNAP) to $15.00 (from $22.00) while maintaining a Neutral rating.
"... FB appears to be making life difficult out of the gate for monetization and user growth," analyst Shyam Patil said.
The firm is lowering 2017 revenue estimate by 9% and EBITDA by 26%. They are also decreasing 2018 revenue estimate by 9% and EBITDA by 43%.
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