Snap price target raised to $15 from $13 at BMO Capital

BMO Capital analyst Brian Pitz raised the firm’s price target on Snap (SNAP) to $15 from $13 and keeps an Outperform rating on the shares. Snap is undergoing a restructuring that will cut about 16% of its workforce and is expected to generate $500M in annualized cost savings by 2H26, the analyst tells investors in a research note. The company also raised its Q1 guidance above prior ranges, though regulatory risks remain a key concern, the firm says.