The Ratings Game: Snap earnings leave analysts cautiously optimistic even as ad revenues vanish

Snap Inc. co-founders have pledged not to sell their shares in the company as soon as they’re able to later this year, but other investors aren’t following suit. Shares in the technology company plunged to a new low after its earnings call Thursday after Snap SNAP, -11.26% missed expectations and reiterated that headwinds remain.

Wall Street analysts are far more bullish than the double-digit after-market stock decline signals, but their optimism on Snap remains cautious. As RBC Capital Markets wrote on Thursday, it’s “way too early” to write off Snap, “with much of the market still up for grabs.

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