Snail price target raised to $3.50 from $2.75 at Noble Capital

Noble Capital analyst Michael Kupinski raised the firm’s price target on Snail (SNAL) to $3.50 from $2.75 and keeps an Outperform rating on the shares after Snail renegotiated its ARK license. The amendment lowers fixed licensing costs from $2.0M to $1.5M per month, implying $1.5M in quarterly savings and preserving near-term cost visibility since the obligation remains in place until the release of ARK 2, the analyst tells investors.