BMO Capital Initiates Coverage On Snap with Outperform Rating, Announces Price Target of $22
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Brian Pitz has initiated coverage on Snap Inc. (NYSE:SNAP) with an Outperform rating and set a price target of $22.
January 09, 2024 | 11:26 am
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BMO Capital analyst Brian Pitz initiated coverage on Snap with an Outperform rating and a price target of $22, indicating a positive outlook for the stock.
The initiation of coverage by BMO Capital with an Outperform rating suggests a bullish view on Snap's future performance. The price target of $22 implies a potential upside from the current trading price, which could positively influence investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100