Snap shares plunge 25% as economy, fierce competition slow revenue growth
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/22/2026
- S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran
- Oil settles down more 3% after US-Iran talks signal easing supply risks
- Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
- Alan Greenspan, influential former Federal Reserve chair, dies at 100
- Buy gold stocks as valuations are cheap amid macro tension: BofA
- CoreWeave trains DeepSeek-V3 in two minutes in MLPerf benchmark
- Needham Starts NeoVolta (NEOV) at Buy
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Snap Inc (SNAP) PT Lowered to $12 at Guggenheim
July 22, 2022 8:11 AM EDTGuggenheim analyst Michael Morris lowered the price target on Snap Inc (NYSE: SNAP) to $12.00 (from $18.00) while maintaining a Neutral rating.
The analyst commented, " On June 22 we lowered our 2Q22 SNAP ad revenue growth forecast to 10% based on our analysis of third-party ad portal... More
