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Snap gets new buy rating at Benchmark, firm sees 20% upside

Mar. 01, 2022 7:51 AM ETSnap Inc. (SNAP)BDNCEBy: Chris Ciaccia, SA News Editor3 Comments

Apple iPhone5s in a mug showing its screen with Snapchat logo.

Wachiwit/iStock Editorial via Getty Images

Snap (NYSE:SNAP) received some positive commentary from Wall Street, as Benchmark initiated coverage with a buy rating, as the firm believes the stock is not accurately showing future advertising gains.

Analyst Mark Zgutowicz, who has

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Market Summary
Snap Inc
36.29 USD
−1.55 (4.10%)today
Mar 2, 12:55 PM EST • Disclaimer
Same analyst is downgrading $FB to pump $SNAP, I dont see how issues mentioned in $FB downgrade does not apply to $SNAP
The pumping never stops with SNAP. SNAP is already priced way more than its peers when using p/s and none of its peers receive as many randomly published upgrades as they do on SA. In fact, FB is dirt cheap compared to SNAP and SA just published a “HOLD” rating for Facebook. There’s way more value in buying FB over SNAP. IMO the whole market is trash if analysts are simply going to recommend what’s being pumped vs best bang for your buck.
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