Snap (SNAP) Shares Plunge 25% Following Weak Q2 Results, Lack of Guidance
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Evercore ISI Sees Amazon (AMZN), Meta Platforms (META) EPS Risk
July 25, 2022 10:00 AM EDTEvercore ISI analyst Mark Mahaney reiterated Outperform ratings on Amazon (NASDAQ: AMZN) and Meta Platforms (NASDAQ: META) in a note to investors Monday.
On Meta, who will report earnings on July 27, the analyst stated: "Several weeks ago, we lowered our estimates for Meta (by 7%/9% respectively for FY23 Gross Revenue and Op Income) in conjunction with our Large Cap Preview here, driven by our more cautious outlook on the current macro environment. We... More
Evercore ISI Comments on Twitter, Inc. (TWTR) Q2 2022 Results, 'intrinsically soft print'
July 22, 2022 11:08 AM EDTEvercore ISI analyst Mark Mahaney reiterated an In Line rating and $54.20 price target on Twitter, Inc. (NYSE: TWTR).
The analyst comments "Overall, Twitters topline performance offered little surprises especially on the heels of Snaps earnings. On a reported basis, Twitters Ad Revenue grew 2% Y/Y in Q2,... More
Citi Comments on Twitter, Inc. (TWTR) Q2 2022 Results
July 22, 2022 11:04 AM EDTCiti analyst Ronald Josey reiterated a Neutral rating and $36.00 price target on Twitter, Inc. (NYSE: TWTR).
The analyst comments "Not surprisingly, Twitters 2Q22 results were impacted by advertising headwinds associated with a weakening macro-economic environment as well as uncertainty associated with its... More
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
Snap Inc (SNAP) PT Lowered to $10 at Cowen
July 22, 2022 8:09 AM EDTCowen analyst John Blackledge lowered the price target on Snap Inc (NYSE: SNAP) to $10.00 (from $17.00) while maintaining a Market Perform rating.
The analyst commented, "SNAP's 2Q topline growth of +13% y/y was 3% below cons, while EBITDA was down... More
