Snap slumps as ad sales lag larger rivals
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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
