Snap (SNAP) Stock Price: $24 Target And Overweight Rating

By Amit Chowdhry ● Jun 16, 2022
  • The shares of Snap Inc (NYSE: SNAP) have received a $24 price target from Morgan Stanley. These are the details.

The shares of Snap Inc (NYSE: SNAP) have received a $24 price target from Morgan Stanley. And Morgan Stanley analyst Brian Nowak is maintaining an “Overweight” rating on the shares.

Nowak adjusted the rating while lowering the estimates in the Internet space and reflecting a more conservative online advertising and e-commerce view while dealing with rising macro and micro uncertainty. Plus Morgan Stanley’s macro team used a multi-factor to discover how the probability of a recession has increased to 35% from 5% at the start of the year. And given the rising uncertainty, Nowak is taking a more pragmatic approach with the online ad and e-commerce estimates. 

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