Snap Inc (SNAP) PT Lowered to $14 at Evercore ISI
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Go back to Snap Inc (SNAP) PT Lowered to $14 at Evercore ISI
October 21, 2022 6:59 AM EDT
Rosenblatt analyst Barton Crockett lowered the price target on Snap Inc (NYSE: SNAP) to $8.00 (from $13.00) while maintaining a Neutral rating.
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October 21, 2022 6:37 AM EDT
Susquehanna analyst Shyam Patil lowered the price target on Snap Inc (NYSE: SNAP) to $8.00 (from $11.00) while maintaining a Neutral rating.
The analyst commented, "SNAP continues to face serious headwinds, including the difficult macro environment, increased competition, and platform changes. These challenges weighed on... More
October 21, 2022 5:57 AM EDT
Shares of Snap (NYSE: SNAP) are down 26% in pre-open Friday after the social media company delivered disappointing earnings for its third quarter.
Snap reported EPS of $0.08 to easily beat the consensus that was expecting a loss per share of $0.24. However, revenue grew just 6% to $1.13 billion while daily active users (DAUs) soared 19% YoY to 363 million. Analysts were looking for revenue of $1.12 billion and DAUs of 358.7 million.
"This quarter we took action to further focus our business on our three strategic priorities: growing our community and deepening their engagement with our products, reaccelerating and... More
