Vetr Crowd Downgrades Snap To 4 Stars

Since reaching its all-time high in February, Snap Inc SNAP has traded down all the way down to its $17 IPO price, and the Vetr community has downgraded the stock from 4.5 stars to 4 stars. The company’s first earnings report saw misses on both EPS and revenue estimates.

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Vetr members have given Snap a Buy rating and a $19.38 price target. This price target fairs lower than the $23.08 price target from professional analysts. The stock opened Wednesday around $17.35.

Of all Vetr raters, 62.9 percent believe traders and investors should buy Snap stock.

For Vetr’s full analysis of Snap, go here.