TECH ANALYST: Snap's stock price could get cut in half (SNAP)
- Evercore ISI analyst, Anthony DiClemente, says Snap is worth $7 per share. The stock is currently trading at just under $14 Monday.
- He's bearish on the company, citing Facebook's spending ability, Snap's failure to take advantage of its user growth, and its lack of direct response advertising.
Snap's stock price has taken a hit recently. Yet one Wall Street analyst still thinks the company is worth about half of where it is currently trading.
Evercore ISI analyst Anthony DiClemente, one of Snap's biggest bears, has a $7 price target on the photo-sharing company. It is trading at just under $14 Monday.See the rest of the story at Business Insider
NOW WATCH: Microsoft President Brad Smith says the US shouldn't get 'too isolationist'
See Also: