Snap Inc (SNAP) PT Lowered to $33 at Truist Securities

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Go back to Snap Inc (SNAP) PT Lowered to $33 at Truist Securities

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

May 26, 2022 9:57 AM EDT

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