SNAP Stock: $85 Price Target From Piper Sandler

By Amit Chowdhry ● Oct 19, 2021
  • The shares of Snap Inc (NYSE: SNAP) have received a price target of $85 from Piper Sandler. These are the details.

The shares of Snap Inc (NYSE: SNAP) have received a price target of $85 from Piper Sandler. And Piper Sandler analyst Thomas Champion reiterated an “Overweight” rating on the company shares.

Champion cited the company’s upcoming Q3 results on October 21. And Champion is constructive into the print due to encouraging advertising data, engagement benefits from back-to-school, greater mobility, and a generally positive digital advertising market. 

Snap is continuing to build out new features of the platform and the company remains under-monetized compared to its peers. And Champion says Snap remains a top pick in digital advertising.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.