Snap to cut 1,000 jobs after activist pressure, bets on AI efficiency
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Rosenblatt on Snap Inc (SNAP): 'The big questions in our minds now are durability of ad sales post layoffs'
April 15, 2026 4:27 PM EDTRosenblatt analyst Barton Crockett reiterated a Neutral rating and $6.40 price target on Snap Inc (NYSE: SNAP)
The analyst comments "April is in uproar at Snap, with the company pre-announcing results (upside in EBITDA, in-line on revenues) and mass layoffs (CEO Evan Spiegel emailed North American employees to work from... More
Snap Inc (SNAP) PT Raised to $15 at BMO Capital, 'Shares are attractively valued', 'Snapping Higher on Headcount Reductions'
April 15, 2026 10:26 AM EDTBMO Capital analyst Brian J. Pitz raised the price target on Snap Inc (NYSE: SNAP) to $15.00 (from $13.00) while maintaining a Outperform rating.
The analyst comments "Reducing Headcount by 16% to Drive Efficiency SNAP will cut 16% of its headcount (~1,000 employees) and eliminate 300 open roles to further streamline operations and reallocate resources, improving operational. efficiency and profitability outlook. Specifically, SNAP expects the reductions to deliver ~$500M in... More
