referring to Although Facebook buying Snap is purely speculative at this point, it certainly is interested in mimicking Snap when it comes to rolling out new features.
With it, Facebook users can post videos and pictures within the Messenger app that disappear after 24 hours.
According to Seyrafi, Facebook would “love to acquire” Snap and may be willing to fork over more than $20 billion, or $14 a share, for the company.
Snap Inc. (SNAP) may have gone public only a week ago, but that hasn’t stopped at least one on Wall Street analyst from speculating that Facebook Inc. (FB) could step in to buy the company behind Snapchat, the popular disappearing-message app.
FBN Securities analyst Shebly Seyrafi initiated coverage of Snap on Thursday with a sector perform rating and price target of $23, owing in part to the fact the Facebook may want to acquire it.
Facebook Hits High, Amazon In Buy Zone, Google Nears Buy Point
as informed in Amazon stock is still in the buy zone after breaking out of a cup-with-handle chart pattern with a 843.94 buy point on Feb. 16.
Facebook stock broke out of a cup-with-handle base with a 129.37 buy point on Jan. 25.
Google Approaching Buy PointAlphabet, parent company of search giant Google, has been building a flat base with a buy point of 867.10 for six weeks.
Internet television network Netflix broke out of a cup-with-handle base with a 129.39 buy point on Jan. 4.
Facebook rose 0.4% to 138.79 after hiting a record high of 139.49 in morning trading on the stock market today.
collected by :Roy Mark