Nomura/Instinet Reiterates Neutral Rating on Snap Inc (SNAP) Following Summit

Nomura/Instinet analyst Mark Kelley reiterated a Neutral rating and $9.00 price target on Snap Inc (NYSE: SNAP) following the company's first Snap Partner Summit. SNAP unveiled a slate of new features and upcoming Snap Originals, and officially launched Snap Games and the Snap Audience Network.

Overall, Kelley came away with a greater sense of the company’s efforts to improve engagement through new features and original programming and view the incremental revenue opportunities available through Audience Network video ads from Games as encouraging.

For an analyst ratings summary and ratings history on Snap Inc click here. For more ratings news on Snap Inc click here.

Shares of Snap Inc closed at $11.30 yesterday.

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