Raymond James analyst Aaron Kessler lowered the price target on Snap Inc (NYSE: SNAP) to $8.00 (from $10.00) while maintaining a Outperform rating.

The analyst comments "The Call: A highly popular chat surface (RJ est. ~50% of time spent) with My AI (1P) and Perplexity (3P) experiences and developing augmented reality glasses strategy provides significant optionality around unlocking value in the AI Era though a lack of strategic clarity remains an overhang and prompts a lower price target."