Susquehanna lowered the firm’s price target on Snap (SNAP) to $8 from $13 and keeps a Neutral rating on the shares. The firm said they reported a solid 1Q, but isn’t providing any color on 2Q given current macro headwinds.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SNAP:
- Snap price target lowered to $10 from $10.50 at BofA
- Snap’s Growth Potential: Strong Advertiser Interest and New Revenue Opportunities Amid Challenges
- Snap price target lowered to $9 from $10 at Canaccord
- Snap Stock Crashes after Earnings as Uncertainty Stings Forecast
- Snap price target lowered to $8 from $9 at Wells Fargo