Snap began its life as a public company Thursday, and already Wall Street is divided over how to view the company's future.
Research firm Pivotal Research Group, the first firm to issue a rating on Snap, declared it a Sell shortly after it started trading, with a price target of $10 per share. (Snap closed at $24.48.)
Instinet also issued a negative rating, saying investors will likely be disappointed by the company's financial results.
Firsthand Funds' Kevin Landis told CNBC he wanted to get in on stock the two years ago while it was still private, and was unable to do so. For now, he's not looking to buy, and is concerned about the fact that investors who purchased shares during the IPO don't have voting rights.
"I wish I could pound the table about this issue," Landis said.
Others were at least mildly bullish, though.