Rosenblatt lowered the firm’s price target on Snap (SNAP) to $9 from $12 and keeps a Neutral rating on the shares. In its Q1 earnings report, Snap gave a little more substance to fears of a macro-driven advertising slowdown, the analyst tells investors in a research note. The firm also saw evidence of plateauing in users in North America and Europe, Snap’s core ad sales regions.
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Read More on SNAP:
- Snap price target lowered to $8 from $13 at Susquehanna
- 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
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