Piper Sandler Maintains Neutral on Snap, Raises Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Thomas Champion has maintained a Neutral rating on Snap Inc. (NYSE:SNAP) but increased the price target from $12 to $17. This adjustment reflects a more positive outlook on the company's future performance while still not fully endorsing a buy recommendation.
January 17, 2024 | 3:38 pm
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Piper Sandler has maintained a Neutral rating on Snap Inc. but has raised the price target from $12 to $17, indicating a potential upside from the previous target.
The increase in price target by Piper Sandler suggests that the firm sees improved prospects for Snap Inc. While the rating remains Neutral, the higher price target could lead to increased investor confidence and a potential short-term uplift in the stock price.
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