Breaking: Morgan Stanley Reaffirms $2 Price Target On Blue Apron Holdings (APRN) Shares, Reaffirms Their Original Equal-Weight Rating

May 5, 2018 - By Dolores Ford

Blue Apron Holdings (APRN) Rating Reaffirmed

They currently have a $2 PT on Blue Apron Holdings (APRN). The target price by Morgan Stanley would suggest a potential downside of -18.03 % from the company’s current price. This has been disclosed in a note on Friday, 4 May.

Blue Apron Holdings, Inc. (NYSE:APRN) Ratings Coverage

Among 9 analysts covering Blue Apron Holdings (APRN), 1 have Buy rating, 0 Sell and 8 Hold. Therefore 11% are positive. Blue Apron Holdings has $4.5 highest and $2.5 lowest target. $3.80’s average target is 55.74% above currents $2.44 stock price. Blue Apron Holdings had 12 analyst reports since November 20, 2017 according to SRatingsIntel. The company was maintained on Tuesday, February 13 by SunTrust. Morgan Stanley maintained the shares of APRN in report on Wednesday, February 14 with “Equal-Weight” rating. The stock of Blue Apron Holdings, Inc. (NYSE:APRN) has “Hold” rating given on Friday, December 1 by RBC Capital Markets. On Monday, December 4 the stock rating was upgraded by Barclays Capital to “Equal-Weight”. The rating was maintained by Stifel Nicolaus on Wednesday, February 14 with “Hold”. SunTrust maintained the shares of APRN in report on Thursday, November 30 with “Hold” rating. The firm has “Hold” rating given on Tuesday, February 13 by RBC Capital Markets. Stifel Nicolaus maintained the stock with “Hold” rating in Friday, May 4 report. As per Friday, May 4, the company rating was maintained by Citigroup.

The stock increased 6.09% or $0.14 during the last trading session, reaching $2.44. About 9.18M shares traded or 138.60% up from the average. Blue Apron Holdings, Inc. (APRN) has 0.00% since May 5, 2017 and is . It has underperformed by 11.55% the S&P500.

Blue Apron Holdings, Inc. operates an e-commerce marketplace that delivers original recipes and fresh ingredients for making home cooking accessible. The company has market cap of $467.92 million. It provides original recipes with the pre-portioned ingredients to complement tastes and lifestyles of college graduates, young couples, families, singles, and empty nesters. It currently has negative earnings. The firm also offers Blue Apron Wine, a direct-to-consumer wine delivery service that sells wines, which can be paired with its meals; and sells beef, poultry, and lamb products under the BN Ranch brand name.

More recent Blue Apron Holdings, Inc. (NYSE:APRN) news were published by: Seekingalpha.com which released: “Uber Eats gobbles up market share” on April 19, 2018. Also Benzinga.com published the news titled: “Is The Street Finding An Appetite For Blue Apron?” on May 04, 2018. Streetinsider.com‘s news article titled: “Pre-Open Movers 05/03: (NSIT) (TPX) (APRN) Higher; (AKAO) (PACB) (TSLA) Lower (more…)” with publication date: May 03, 2018 was also an interesting one.

Blue Apron Holdings, Inc. (NYSE:APRN) Ratings Chart

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