Wolfe Research analyst Shweta Khajuria has maintained their neutral stance on SNAP stock, giving a Hold rating today.
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Shweta Khajuria has given his Hold rating due to a combination of factors including results that were generally in line with expectations but not strong enough to warrant a more bullish stance. Revenue growth modestly improved and EBITDA outperformed consensus, supported by app purchases, subscription momentum, and small-business advertiser strength, yet overall ad growth still trails peers and user gains, while positive, remain constrained.
Khajuria also underscores that near-term visibility is clouded by macro uncertainty, continued brand spending weakness in North America, and an ongoing drag from geopolitical pressures in the Middle East. The end of the Perplexity partnership removes a potential incremental revenue stream, and upcoming restructuring charges weigh on earnings, even as management pursues efficiency gains and explores future AI and ad-product opportunities, leaving risk/reward balanced at current levels.
According to TipRanks, Khajuria is a 5-star analyst with an average return of 20.1% and a 48.55% success rate.
In another report released today, Bank of America Securities also reiterated a Hold rating on the stock with a $8.00 price target.