Perhaps more concerning, the company highlighted increased competition for advertising dollars, and we think SNAP may have been displaced by TikTok as the experimental platform of choice (which has become the 3rd platform behind META and GOOGL) and is now less able to garner outsized share of these incremental spending budgets as demand trends normalize. "Our concerns are as follows: 1) As the overall demand environment slows, SNAP's ability to grow has contracted as incremental (and experimental) budgets have decreased. Amid a relatively bare economic and earnings calendar, investors took in a deluge of single-stock news, including reports of a potential nationwide TikTok ban which sent Snap ( SNAP) stock. "We found incremental concerns that temper our enthusiasm around the company's near- to mid-term growth prospects, and we are therefore downgrading SNAP to hold," Deutsche Bank Analyst Benjamin Black wrote in a note to clients. In total, 12 Wall Street firms slashed their ratings on Snap shares today in a show of concern over future growth. SNAP: Snap Inc Stock Price Quote - New York - Bloomberg Bloomberg TV+ Next Big Risk Hosted by Bloomberg's Sonali Basak, 'Next Big Risk' asks three titans of the financial industry what. at New York Stock Exchange in New York, the United States on March 2, 2017. What are analysts forecasts for Snap-On stock The 3 analysts offering price forecasts for Snap-On have a. All Rights Reserved.A man walks past the logo of Snap Inc. According to the current price, Snap-On is 95.10 away from the 52-week high. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2019 and/or its affiliates. According to analysts consensus price target of 13.71, Snap has a forecasted upside of 32.2 from its current price of 10.37. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. But it has since fallen sharply as the company wrestled with. Snap on Thursday reported revenue of 1.13 billion for the three months ending in September, a slight 6 increase from the year prior and less than Wall Street had expected, as the company. Factset: FactSet Research Systems Inc.2019. The camera and social media company Snap, which went public in 2017 at 27 per share, saw its stock price peak last October at 83. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. Short SNAP All time low 4.82 SNAP should change its name back to Snapchat so investors know what it is, because right now, all it has done so far is snap.
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