Snap’s First Buy Rating Is Bizarre

Monness Crespi Hardt analystJames Cakmak is the first to give Snap such a rating , and Cakmak has assigned a $25 price target on shares. That's about 20% higher than current prices, which are hovering right around $20 as of this writing, and comparable to the $24 that Snap opened at on its first public trading day.