Snap shares jump as leaked 2024 user target exceed Wall St expectations

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Citi on Snap Inc (SNAP) CEO Spiegel's Bullish Internal Memo: 'mostly aspirational', 'we are not changing our projections'

October 17, 2023 7:40 AM EDT

Citi analyst Ronald Josey reiterated a Neutral rating and $11.00 price target on Snap Inc (NYSE: SNAP).

The analyst comments "We view CEO Spiegels internal annual memo (CNBC, 16-Oct) suggesting significant upside to 24 consensus projections across engagement, revenue, and profitability as mostly aspirational... More