Snap's suffocating coverage on Wall Street may be stifling growth plan

Snap's suffocating coverage on Wall Street may be stifling growth plan

7 years ago
Anonymous $Gu9VYqcl-R

https://www.cnbc.com/2017/08/10/overanalyze-snap.html

Snapchat's parent reports earnings Thursday afternoon, and for all the investor hype and media attention surrounding it, it's important to note one thing: Snap is one of the most extremely over-analyzed stocks relative to its overall value.

In fact, the social media company has more analysts covering it than it has billions of dollars in market cap. Not many major companies can make that claim. And the ones that do are often very problematic.