Here's why all the sudden the banks love Snapchat — but still hate Twitter

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Here's why all the sudden the banks love Snapchat — but still hate Twitter

Here's why all the sudden the banks love Snapchat — but still hate Twitter

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


For the ratings: Snap **w has 12 "buy", 11 "holds" and six "sells," Bloomberg reported. 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...

More about Tech, Business, Snap Ipo, Snap Inc, and Snapchat Ipo

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