Bernstein Maintains a Hold on Snap Inc. (SNAP), Sets a $9 PT

Snap Inc. (NYSE:SNAP) is one of the best stocks under $20 to buy for the long term. In a report released on August 11, Mark Shmulik from Bernstein maintained a Hold rating on Snap Inc. (NYSE:SNAP) and set a price target of $9.00.

Snap Rallies (SNAP) 7.6% as Analyst Raises Price Target

A young adult family using a Camera to record moments of their daily life.

Similarly, Brad Erickson from RBC Capital maintained a Hold rating on the stock on August 6, setting a price target of $10.00.

Snap Inc. (NYSE:SNAP) also received a Hold rating from Piper Sandler’s Thomas Champion in a report issued the same day.

The stock’s median price target of $7.05 implies an upside of 27.66% from current levels.

Snap Inc. (NYSE:SNAP) is a technology company that runs Snapchat as a visual messaging social application. Snapchat is the company’s core mobile application that employs augmented reality in its various “Lenses.”

While we acknowledge the potential of SNAP to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SNAP and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.