Snap Inc (SNAP) PT Lowered to $14 at Evercore ISI
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Snap Inc (SNAP) PT Lowered to $8 at Rosenblatt
October 21, 2022 6:59 AM EDTRosenblatt analyst Barton Crockett lowered the price target on Snap Inc (NYSE: SNAP) to $8.00 (from $13.00) while maintaining a Neutral rating.
... MoreSnap Inc (SNAP) PT Lowered to $8 at Susquehanna
October 21, 2022 6:37 AM EDTSusquehanna 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
'Is Bear Case Playing Out?' Snap Crashes 25% on Slowest Revenue Growth on Record, Analysts Cut Rating
October 21, 2022 5:57 AM EDTShares 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
