Monness analyst Brian White has maintained their neutral stance on SNAP stock, giving a Hold rating today.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Brian White has given his Hold rating due to a combination of factors impacting Snap’s performance. Despite the favorable trends in digital advertising, Snap has faced challenges in execution, leading to inconsistent results. The company’s revenue growth has decelerated, with a notable slowdown in the year-over-year growth rate compared to previous periods.
Additionally, Snap operates in a highly competitive environment dominated by larger platforms with more resources, which could further strain its market position. The anticipated slight deceleration in daily active user growth and mixed performance across different regions also contribute to the cautious outlook. These elements combined suggest a balanced risk-reward scenario, justifying the Hold rating.
In another report released today, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $8.00 price target.