Snap Inc (SNAP) PT Raised to $14 at Bernstein SocGen Group

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Go back to Snap Inc (SNAP) PT Raised to $14 at Bernstein SocGen Group

Snap (SNAP) raised to Buy at HSBC as top-line growth accelerates

April 26, 2024 9:58 AM EDT

On Friday, Snap (NYSE: SNAP) received an upgrade from HSBC from a 'Reduce' to a 'Buy' rating, with the price target being increased to $15.10, up from the previous $10.00. This change in stance comes after Snap reported a robust first quarter for 2024, with revenues and earnings surpassing HSBC's estimates and the Visible Alpha consensus.

Snap disclosed its first-quarter earnings after the market closed on Thursday, revealing revenues of $1,195 million, a 21% year-over-year increase. This figure exceeded HSBC's... More