Snap price target raised to $10 from $8 at Rosenblatt

Rosenblatt analyst Barton Crockett raised the firm’s price target on Snap to $10 from $8 and keeps a Neutral rating on the shares. The company "stalled out" in Q4 and is "digging a hole" in Q1, the analyst tells investors in a research note. The firm says the company’s problems are both self-inflicted and temporary, however, and adds that if the macro environment stabilizes, its revenue trends "could look better later."