Can Snap Stock Bounce Back After Last Week's 11% Drop?
The bears are winning the war on Snap, Inc. (NYSE: SNAP) these days. Snapchat's parent company saw its shares plummet 10.9% after a pair of analyst downgrades helped send Snap stock below its early March IPO price of $17 for the first time.
The first Wall Street pro to talk down the stock last week was Brian Nowak at Morgan Stanley, downgrading the shares from "overweight" to "equal weight" on concerns that Facebook's (NASDAQ: FB) Instagram is gaining at Snapchat's success. John Blackledge at Cowen then downgraded Snap on Friday, lowering his price target and ad revenue estimates in the process.
Snap's a broken IPO now, and it's not easy to bounce back as a rookie once the market loses faith.
Source: Fool.com
Meta Platforms Inc. Stock
€462.65
-1.220%
We see a rather positive sentiment for Meta Platforms Inc. with 12 Buy predictions and 2 Sell predictions.
As a result the target price of 510 € shows a slightly positive potential of 10.23% compared to the current price of 462.65 € for Meta Platforms Inc..
