BofA lowered the firm’s price target on Snap (SNAP) to $10 from $10.50 and keeps a Neutral rating on the shares. Following the company’s Q1 report, the firm slightly lowered its “below Street estimates,” reflecting lower users and ARPU. For 2025, BofA lowers its revenue view by 0.4% to $5.7B and EBITDA forecast by 2% to $627M, the analyst noted.
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