UPDATE: Snap Inc (SNAP) PT Lowered to $20 at Benchmark

'Truly Concerned': MoffettNathanson Cuts Price Targets on Meta (FB) and Alphabet (GOOGL) After Snap (SNAP) Warning, Long-term Bullishness on Advertising Disappears

MoffettNathanson analyst Michael Nathanson has revised his long-term bullish forecasts down after Snap (NYSE: SNAP) issued a revenue warning earlier this week about Q2 and the general macroeconomic environment.

As a result, Nathanson lowered Q2 revenues by around -6% to -7% for... More

UPDATE: Snap Inc (SNAP) Ad Recession Becomes a Reality, PT to $30 at BofA Securities

(Updated - May 24, 2022 7:44 AM EDT)

BofA Securities analyst Justin Post lowered the price target on Snap Inc (NYSE: SNAP) to $30.00 (from $50.00) after the company warned that 2Q revenues and EBITDA would miss the lower end of guidance. Shares sold off ~30% because the... More

UPDATE: Snap Inc (SNAP) PT Lowered to $17 at RBC Capital

(Updated - May 24, 2022 6:17 AM EDT)

RBC Capital analyst Brad Erickson lowered the price target on Snap Inc (NYSE: SNAP) to $17.00 (from $35.00) while maintaining a Sector Perform rating.

The analyst comments "SNAP negatively pre-announced Q2 which will sound the alarms on the... More

UPDATE: Snap Inc (SNAP) PT Lowered to $30 at Piper Sandler

(Updated - May 24, 2022 6:15 AM EDT)

Piper Sandler analyst Thomas Champion lowered the price target on Snap Inc (NYSE: SNAP) to $30.00 (from $50.00) while maintaining a Overweight rating.

The analyst comments "Prior to an investor conference appearance, SNAP published an 8-K disclosing revised... More

UPDATE: Snap Inc (SNAP) PT Lowered to $23 at Rosenblatt

(Updated - May 24, 2022 6:11 AM EDT)

Rosenblatt analyst Barton Crockett lowered the price target on Snap Inc (NYSE: SNAP) to $23.00 (from $49.00) while maintaining a Buy rating.

The analyst comments "We uniquely use as our standard approach for valuation a 10-year view,... More

Snap Inc (SNAP) PT Lowered to $26 at JPMorgan

JPMorgan analyst Doug Anmuth lowered the price target on Snap Inc (NYSE: SNAP) to $26.00 (from $47.00) while maintaining a Overweight rating.... More

Snap Inc (SNAP) PT Lowered to $30 at Oppenheimer

Oppenheimer analyst Jason Helfstein lowered the price target on Snap Inc (NYSE: SNAP) to $30.00 (from $40.00) while maintaining a Outperform rating.... More

Snap (SNAP) option implied volatility into lowering Q2 guidance

Snap (NYSE: SNAP) May weekly call option implied volatility is at 94, June is at 79; compared to its 52-week range of 43 to 128 into lowering Q2 guidance. Call put ratio 1 call to 3 puts with focus on June weekly (3) 17.50 puts.

'Snap Drops a Bomb': Snap (SNAP) Stock Crashes Nearly 30% on Forecast Cut, Musk-Twitter Saga to Get a 'Whole Lot More Interesting' Says Analyst

Shares of Snap (NYSE: SNAP) are down almost 30% in pre-market Tuesday after the social media company warned that the deteriorating macroeconomic environment will weigh on its Q2 results.

"The macroeconomic environment has deteriorated further and faster than anticipated. As a result, we believe it is likely that we will report revenue and adjusted EBITDA below the low end of our Q2 2022 guidance range," the company said in a U.S. securities filing.

In April, Snap said... More

Snap (SNAP) call put ratio 1 call to 3 puts with focus on June weekly (3) 17.50 puts into lower guidance

Snap (NYSE: SNAP) May weekly call option implied volatility is at 94, June is at 79; compared to its 52-week range of 43 to 128 into lowering Q2 guidance. Call put ratio 1 call to 3 puts with focus on June weekly (3) 17.50 puts.

Snap Inc (SNAP) PT Lowered to $36 at Evercore ISI

Evercore ISI analyst Mark Mahaney lowered the price target on Snap Inc (NYSE: SNAP) to $36.00 (from $47.00) while maintaining a Outperform rating.... More

Stocks expected to have increasing option volume: SNAP ZM COST DLT DG BBY

Stocks expected to have increasing option volume: SNAP ZM COST DLT DG BBY

Snap Inc (SNAP) PT Lowered to $30 at Jefferies

Jefferies analyst Brent Thill lowered the price target on Snap Inc (NYSE: SNAP) to $30.00 (from $52.00) while maintaining a Buy rating.... More

Snap Inc (SNAP) PT Lowered to $27 at KeyBanc

KeyBanc analyst Justin Patterson lowered the price target on Snap Inc (NYSE: SNAP) to $27.00 (from $45.00) while maintaining a Overweight rating.... More

After-Hours Stock Movers 05/23: Snap's Warning Sends Shivers Throughout Tech; Zoom Gains on Results (more...)

After-Hours Stock Movers:

Snap (NYSE: SNAP) 28% LOWER; warns for Q2. The company said since they issued guidance on April 21, 2022, the macroeconomic environment has deteriorated further and faster than anticipated. As a result, we believe it is likely that we will report revenue and adjusted EBITDA below the low end of our Q2 2022 guidance range.

INmune Bio, Inc. (NASDAQ: INMB) 20% LOWER; announced that on May 20, 2022, the Company was informed via e-mail communication from the U.S. Food and... More

Snap Shares Plunge 25% on Q2 Warning

Snap Inc. (NYSE: SNAP) shares dropped more than 24% after-hours after the company announced that revenue and adjusted EBITDA will come at the low end of its Q2 2022 guidance range due to the macroeconomic environment deteriorating further and faster than anticipated.

The company issued its... More

UPDATE: Snap (SNAP) warns for Q2

(Updated - May 23, 2022 5:11 PM EDT)

Snap (NYSE: SNAP) warns for Q2.

From the company: Since we issued guidance on April 21, 2022, the macroeconomic environment has deteriorated further and faster than anticipated. As a result, we believe it is likely that we... More