JP Morgan Maintains Underweight on Snap, Raises Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Doug Anmuth maintains an Underweight rating on Snap (NYSE:SNAP) and raises the price target from $8 to $9.
October 25, 2023 | 6:37 pm
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JP Morgan maintains an Underweight rating on Snap and raises the price target from $8 to $9.
The news is directly about Snap and its stock rating by JP Morgan. The Underweight rating suggests that JP Morgan believes the stock may underperform the market, but the increase in price target from $8 to $9 indicates a slightly more positive outlook. This could lead to mixed reactions in the market, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100