Citi lowered the firm’s price target on Snap (SNAP) to $6 from $10 and keeps a Neutral rating on the shares. The firm updated the company’s model pos the Q4 report Snap is facing continued brand advertising headwinds, the analyst tells investors in a research note.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SNAP:
- Snap sued by Texas AG for deceiving parents, endangering children
- Midday Fly By: January payrolls jump, Ford reports mixed Q4
- Meta, Snap agree to be rated on teen safety, Washington Post report
- Under Armour cut to Sell, Snap upgraded: Wall Street’s top analyst calls
- Snap upgraded to Buy on limited downside at Arete