Wells Fargo lowered the firm’s price target on Snap to $14 from $15 and keeps an Overweight rating on the shares. Wells Fargo sees an in line to slightly better print and Q4 guidance for Snap, the analyst tells investors in a research note. The firm views the app relaunch as “critical” to engagement acceleration, and believes investors remain cautious with concerns on a potential adverse impact on 2025 revenue.
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