Snap Inc (SNAP) PT Lowered to $12 at UBS Following 2Q Miss
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Price: $4.68 -0.43%
Rating Summary:
20 Buy, 41 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 14 | Down: 11 | New: 17
Rating Summary:
20 Buy, 41 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 14 | Down: 11 | New: 17
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UBS lowered its price target on Snap Inc (NYSE: SNAP) to $12.00 (from $19.00) while maintaining a Neutral rating following the company's 2Q. SNAP reported revenue and adjusted EBITDA missing consensus by $5m and $10m respectively.
UBS cut 3Q revenue estimates to $257m from $291m. Adjusted EBITDA of $(200)m was cut from $(190)m. EPS was lowered to $(0.32) from $(0.29).
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