Deals
An Analyst Just Came Out With a Sell Rating and $5 Price Target for Snap
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BTIG analyst Richard Greenfield said in a new note that he’s "tired of watching Snapchat decline from the sidelines" and that it’s now time to sell the stock. His price target is $5, which would represent a roughly 50 percent decline from Tuesday’s close of $9.89.
Shares of Snap fell as much as 8.7 percent to $9.03, an intraday record low, at 9:37 a.m. in New York.