Snap price target lowered to $15 from $18 at Barclays

Barclays analyst Ross Sandler lowered the firm’s price target on Snap to $15 from $18 and keeps an Overweight rating on the shares post the Q4 results. Snap is making strides to improve its advertising stack, which is weighing on growth in a challenging digital ad landscape, the analyst tells investors in a research note. The firm believes the shares could be range-bound until Snap’s revenue re-accelerates, likely in Q2 of 2023.