- The shares of Snap Inc (NYSE: SNAP) have received a $73 price target from JPMorgan. These are the details.
The shares of Snap have received a $73 price target from JPMorgan. And JPMorgan analyst Doug Anmuth had reduced the price target from $90 while maintaining an “Overweight” rating on the company shares.
Anmuth noted that the Apple iOS advertising changes had played out worse than virtually anyone expected in Snap’s fourth-quarter outlook. And when combined with likely supply and labor shortages in the fourth quarter, the impact will more than ripple through the online ad industry.
However, Anmuth believes that this impact is more transitory than fundamental. And Anmuth expects Snap to work through these issues next year.
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.