- The shares of Snap Inc (NYSE: SNAP) have received a $42 price target from JMP Securities. These are the details.
The shares of Snap Inc (NYSE: SNAP) have received a $42 price target from JMP Securities. And JMP Securities analyst Andrew Boone is maintaining a “Market Outperform” rating on the shares.
Boone adjusted the rating as part of a research note related to the Internet & Digital Media sector. And Boone cited a harsher macro backdrop of higher inflation, ongoing supply chain issues, rising interest rates, and lower business and consumer confidence.
Going forward, Boone expects the digital advertising growth to have slowed through the second quarter and is now projecting 11% growth for global digital advertising this year before a rebound arrives next year.
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