Snap (SNAP) to reduce global headcount by approximately 10%
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Snap Inc (SNAP) PT Lowered to $14 at UBS
February 7, 2024 7:37 AM ESTUBS analyst Lloyd Walmsley lowered the price target on Snap Inc (NYSE: SNAP) to $14.00 (from $17.00) while maintaining a Neutral rating.
The analyst comments "We decrease our 2024E rev/Adj EBITDA by 2%/$28M to $5.27B/$442M reflecting slower-than-expected 4Q23 rev growth (5% YOY vs... More
Snap Inc (SNAP) PT Lowered to $14 at Citi
February 7, 2024 7:19 AM ESTCiti analyst Ronald Josey lowered the price target on Snap Inc (NYSE: SNAP) to $14.00 (from $18.00) while maintaining a Neutral rating.
The analyst comments "Although Snap delivered mixed 4Q23 results with lower-than-expected 1Q guidance, we were encouraged with improving engagement as MAUs reached... More
Snap Inc (SNAP) PT Lowered to $14 at Canaccord Genuity
February 7, 2024 5:45 AM ESTCanaccord Genuity analyst Maria Ripps lowered the price target on Snap Inc (NYSE: SNAP) to $14.00 (from $17.00) while maintaining a Hold rating.
The analyst comments "Snap reported mixed Q4 results, with DAUs coming in ahead of expectations but revenue slightly below consensus and growth decelerating sequentially despite an easier comp, although the... More
Snap Inc (SNAP) PT Lowered to $13 at RBC Capital
February 7, 2024 5:44 AM ESTRBC Capital analyst Brad Erickson lowered the price target on Snap Inc (NYSE: SNAP) to $13.00 (from $17.00) while maintaining a Sector Perform rating.
The analyst comments "SNAP beat Q4 but missed elevated buy-side expectations for its Q1 outlook where to us,... More
Snap Inc (SNAP) PT Lowered to $16 at BofA Securities
February 7, 2024 5:42 AM ESTBofA Securities analyst Justin Post lowered the price target on Snap Inc (NYSE: SNAP) to $16.00 (from $18.00) while maintaining a Neutral rating.
The analyst comments "4Q Rev/EBITDA at $1,361mn/$159mn was mixed vs Street at $1,385mn/$116mn. 4Q growth at 5% was... More
Snap Inc (SNAP) PT Lowered to $20 at BMO Capital
February 7, 2024 5:42 AM ESTBMO Capital analyst Brian J. Pitz lowered the price target on Snap Inc (NYSE: SNAP) to $20.00 (from $22.00) while maintaining a Outperform rating.
The analyst comments "Significant aftermarket price decline is likely an overreaction to 1) flattish Q/Q NA DAUs, 2) overly bullish buyside... More
Snap Inc (SNAP) PT Lowered to $15 at Raymond James
February 7, 2024 5:41 AM ESTRaymond James analyst Aaron Kessler lowered the price target on Snap Inc (NYSE: SNAP) to $15.00 (from $20.00) while maintaining a Outperform rating.
The analyst comments "SNAP missed revenue Street expectations by 1.7% largely impacted by a 2% geopolitical headwind that we had assumed faded with results... More
Snap (SNAP) to lay off 10% of global full-time workforce
February 5, 2024 9:35 AM ESTSnap (NYSE: SNAP) shares edged just over 1% higher Monday morning after the company announced it plans to reduce its global full-time employee headcount by approximately 10%, or 529 employees.
It is the latest layoff announcement for the tech company, which has conducted multiple... More
