$SNAP --->>
A number of Wall Street analysts start coverage of the social media company SNAP with bullish ratings and price targets. No less than eight analysts initiated coverage of SNAP, according to FactSet, with five of them giving the company the equivalent of buy ratings, and three placing hold ratings, with price targets ranging from $23 to $31 . That brings the average rating of the 25 analysts surveyed by FactSet to hold, and the average price target to $23.27 , which was 2.3% above Friday's closing price of $22.74 . Through Friday, the stock has lost 7.1% since its closed at $ 24.48 on its first day of trade, which was 44% above its IPO price of $17 . SNAP edges up 0.2% to $22.80 .
