Form 8-K Snap Inc For: Feb 05
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Snap Inc (SNAP) PT Lowered to $14 at UBS
February 7, 2024 7:37 AM ESTUBS analyst Lloyd Walmsley lowered the price target on Snap Inc (NYSE: SNAP) to $14.00 (from $17.00) while maintaining a Neutral rating.
The analyst comments "We decrease our 2024E rev/Adj EBITDA by 2%/$28M to $5.27B/$442M reflecting slower-than-expected 4Q23 rev growth (5% YOY vs... More
Snap Inc (SNAP) PT Lowered to $14 at Citi
February 7, 2024 7:19 AM ESTCiti analyst Ronald Josey lowered the price target on Snap Inc (NYSE: SNAP) to $14.00 (from $18.00) while maintaining a Neutral rating.
The analyst comments "Although Snap delivered mixed 4Q23 results with lower-than-expected 1Q guidance, we were encouraged with improving engagement as MAUs reached... More
Snap Inc (SNAP) PT Lowered to $13 at RBC Capital
February 7, 2024 5:44 AM ESTRBC Capital analyst Brad Erickson lowered the price target on Snap Inc (NYSE: SNAP) to $13.00 (from $17.00) while maintaining a Sector Perform rating.
The analyst comments "SNAP beat Q4 but missed elevated buy-side expectations for its Q1 outlook where to us,... More
Snap Inc (SNAP) PT Lowered to $16 at BofA Securities
February 7, 2024 5:42 AM ESTBofA Securities analyst Justin Post lowered the price target on Snap Inc (NYSE: SNAP) to $16.00 (from $18.00) while maintaining a Neutral rating.
The analyst comments "4Q Rev/EBITDA at $1,361mn/$159mn was mixed vs Street at $1,385mn/$116mn. 4Q growth at 5% was... More
Snap Inc (SNAP) PT Lowered to $20 at BMO Capital
February 7, 2024 5:42 AM ESTBMO Capital analyst Brian J. Pitz lowered the price target on Snap Inc (NYSE: SNAP) to $20.00 (from $22.00) while maintaining a Outperform rating.
The analyst comments "Significant aftermarket price decline is likely an overreaction to 1) flattish Q/Q NA DAUs, 2) overly bullish buyside... More
Snap (SNAP) to lay off 10% of global full-time workforce
February 5, 2024 9:35 AM ESTSnap (NYSE: SNAP) shares edged just over 1% higher Monday morning after the company announced it plans to reduce its global full-time employee headcount by approximately 10%, or 529 employees.
It is the latest layoff announcement for the tech company, which has conducted multiple... More
Snap (SNAP) to reduce global headcount by approximately 10%
February 5, 2024 9:08 AM ESTSnap (NYSE: SNAP) disclosed:
On February 5, 2024, we announced a plan to reduce our global headcount by approximately 10% of our global full time employees. In order to best position our business to execute on our highest priorities, and to ensure we have the... More
