Wells Fargo says Snap (SNAP) and Pinterest (PINS) had moved to the top of the firm’s Overweight list with company-specific drivers for revenue acceleration in 2024. Wells still sees upside to Meta Platforms (META) 2024/2025 EPS but watches revenues decelerate in 2024, especially in the second half of the year. Additionally, the firm expects rising competitive/regulatory risks for Alphabet (GOOGL).
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