The debt-to-equity ratio comes in at 1.29, the current ratio comes in at 4.86, the quick ratio comes in at 4.86, and the current ratio comes in at 4.86. The NYSE SNAP started the trading day on Wednesday at an opening price of $8.85. The stock is projected to reach $14.72 over the next 12 months and has an average rating of “Hold.” Bloomberg provided the information. Three analysts suggest selling the stock, twenty-eight suggest holding the stock, and eight suggest purchasing the stock. The final and most significant adjustment was made here. Bernstein lowered their price objective for Snap from $15.00 to $9.00, downgrading the stock from “outperform” to “market perform.” The UBS Group lowered their price objective on Snap from $14.00 to $10.00 in a research report published on Friday, October 21. In a research note published on Friday, October 21, Sanford C. The price goal had been previously set at $11.00. The research note was made available to the public. Royal Bank of Canada categorized the company as “sector perform” and decreased their target price for Snap from $11.00 to $8.00 in a research note published on Friday, October 21. Before this adjustment, the price target was set at $11.00. This change was made in response to a drop in the share price. Susquehanna Bancshares characterized the Snap business as “neutral” in a research note published on Friday, October 21, and decreased their price objective on Snap shares from $11.00 to $8.00. In addition, they reduced the price target they had previously assigned to those shares from $21.00 to $18.00.
In a research note published on Friday, October 21, Barclays downgraded the “overweight” rating they had previously assigned to shares of Snap. Over the most recent few months, SNAP has received more attention from researchers from other fields than in previous times. According to the price objective that New Street Research provided, the stock has the potential to increase by 35.59% from its most recent level if it can meet the expectations of the market. The company advised investors to “buy” the stock and established a price objective of $12.00. According to Benzinga, on Wednesday, investment analysts at New Street Research published a research note announcing that they would begin covering shares of Snap Inc.
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