Snap (SNAP) Stock: $17 Target And Buy Rating

By Amit Chowdhry ● Jun 20, 2022
  • The shares of Snap Inc (NYSE: SNAP) have received a $17 price target from UBS. These are the details.

The shares of Snap Inc (NYSE: SNAP) have received a $17 price target from UBS. And UBS analyst Lloyd Walmsley is maintaining a “Buy” rating on the shares.

Walmsley adjusted the rating as part of a broader research note on U.S. based online advertising companies. And Walmsley cited deteriorating ad checks seen as early as last month along with increasing macro risk and FX moves justifying the significantly below consensus estimates.

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