Snail price target lowered to $3.50 from $4 at Noble Capital

Noble Capital analyst Michael Kupinski lowered the firm’s price target on Snail (SNAL) to $3.50 from $4 and keeps an Outperform rating on the shares after the company reported “disappointing” Q2 results. The firm’s lowered target reflects lowered adjusted EBITDA expectations for 2026, but it argues that shares trade at a “compelling” valuation based on that revised estimate.