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.

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 as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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