Benchmark analyst Mark Zgutowicz reiterated a Hold rating on Snap Inc. (NYSE:SNAP) following the company's announcement of its 2024 goals. The goals include a +20% YoY full-year Ads revenue growth, which implies a ~$5.4 billion '24E revenue. However, the analyst raised questions about the viability of these targets and the need for additional headcount cuts. The analyst increased the FY24 EBITDA estimate from $220.2 million to $275.6 million and the FY24 revenue estimate from $5.002 billion to $5.096 billion.