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03-28-2017, 05:09 AM
Here's why all the sudden the banks love Snapchat — but still hate Twitter
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Wow, Wall Street actually likes Snapchat.*
A bunch of banks unleashed their feelings — or rather their sophisticated reports — on the company named Snap Inc. on Monday. And it was pretty damn good for the ***ting app-turned-digital juggernaut.
SEE ALSO: Evan Spiegel has already made $1.5 billion off Snapchat's IPO (http://mashable.com/2017/03/02/snap-ipo-evan-spiegel/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
For the ratings: Snap **w has 12 "buy", 11 "holds" and six "sells," Bloomberg reported (https://www.bloomberg.com/news/articles/2017-03-27/wall-street-is-suddenly-bullish-on-snap). Goldman Sachs, Citi and Jefferies are all cheering buy! "Outperform," shout RBC Capital, Credit Suisse and Cowen.*
This all comes after a tough first month for Snap Inc. The stock opened at $24, rose to $29, but fell to below $20 on March 17. **w, it's back up to $24 and Wall Street is putting forth price targets as high as $31.* Read more... (http://mashable.com/2017/03/27/snapchat-wall-street-stock/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
More about Tech (http://mashable.com/tech/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Snap Ipo (http://mashable.com/category/snap-ipo/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Snap Inc (http://mashable.com/category/snap-inc/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Snapchat Ipo (http://mashable.com/category/snapchat-ipo/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/OR3v0-A0ABc
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Wow, Wall Street actually likes Snapchat.*
A bunch of banks unleashed their feelings — or rather their sophisticated reports — on the company named Snap Inc. on Monday. And it was pretty damn good for the ***ting app-turned-digital juggernaut.
SEE ALSO: Evan Spiegel has already made $1.5 billion off Snapchat's IPO (http://mashable.com/2017/03/02/snap-ipo-evan-spiegel/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
For the ratings: Snap **w has 12 "buy", 11 "holds" and six "sells," Bloomberg reported (https://www.bloomberg.com/news/articles/2017-03-27/wall-street-is-suddenly-bullish-on-snap). Goldman Sachs, Citi and Jefferies are all cheering buy! "Outperform," shout RBC Capital, Credit Suisse and Cowen.*
This all comes after a tough first month for Snap Inc. The stock opened at $24, rose to $29, but fell to below $20 on March 17. **w, it's back up to $24 and Wall Street is putting forth price targets as high as $31.* Read more... (http://mashable.com/2017/03/27/snapchat-wall-street-stock/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
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