UPDATE: Snap Inc (SNAP) PT Raised to $85 at Morgan Stanley

February 24, 2021 3:00 AM EST
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Price: $63.27 +0.11%

Rating Summary:
    38 Buy, 15 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 17 | Down: 14 | New: 42
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(Updated - February 24, 2021 5:41 AM EST)

Morgan Stanley analyst Brian Nowak raised the price target on Snap Inc (NYSE: SNAP) to $85.00 (from $80.00) while maintaining a Overweight rating.

The analyst comments "SNAP’s investor day outlook of ~50% forward rev growth "for several years" (largely driven by core Snap and Discover) speaks to the longer than expected runway for SNAP’s oldest products...and even higher long-term monetization from Spotlight/Maps/Games. Raise PT to $85, bull case to $115, Remain OW."

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