Morgan Stanley Keeps Their Hold Rating on Snap One Holdings (SNPO)

Morgan Stanley analyst Erik Woodring maintained a Hold rating on Snap One Holdings (SNPOResearch Report) today and set a price target of $10.00. The company’s shares opened today at $8.93.

Woodring covers the Technology sector, focusing on stocks such as Apple, Seagate Tech, and CDW. According to TipRanks, Woodring has an average return of -15.5% and a 46.03% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Snap One Holdings with a $12.20 average price target.

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Based on Snap One Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $281.23 million and a GAAP net loss of $1.01 million. In comparison, last year the company earned a revenue of $260.75 million and had a GAAP net loss of $21.53 million

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Snap One Holdings Corp has a portfolio of interconnected products both proprietary as well as a curated selection of third-party products and software solutions that help connect, control, entertain, and power homes and businesses. It generates net sales by selling to its integrators hardware products both with and without embedded software, which are then resold to end consumers, typically in the installation of an audio/video, IT, smart-home, or surveillance-related package.

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