Truist analyst Youssef Squali raised the firm’s price target on Snap (SNAP) to $11 from $10 and keeps a Hold rating on the shares. Q3 results and the Q4 outlook both show relatively in line revenue and stronger than expected AEBITDA, the analyst tells investors. New, higher margin revenue streams, such as the Perplexity deal, should be accretive to margins in 2026, but Snap “remains a share giver” to peers including Meta (META), Google (GOOGL) and Reddit (RDDT), the analyst added.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SNAP:
- Snap Stock (SNAP) Soars on Earnings Beat and $400M Perplexity Deal
- Midday Fly By: Qualcomm reports Q4 beat, Schwab acquires Forge
- Snap price target raised to $7 from $6.50 at Stifel
- Snap price target raised to $8.50 from $8 at Morgan Stanley
- Snap Inc.: Hold Rating Amid Market Challenges and Growth Opportunities