RBC Capital Maintains Sector Perform on Snap, Lowers Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Brad Erickson has maintained a 'Sector Perform' rating on Snap Inc. (NYSE:SNAP) but has lowered the price target from $17 to $13.
February 07, 2024 | 5:44 pm
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RBC Capital has maintained its 'Sector Perform' rating on Snap Inc. but reduced the price target from $17 to $13.
The reduction in the price target by RBC Capital suggests a bearish outlook on Snap Inc.'s short-term price potential. This adjustment reflects the analyst's revised expectations on the company's future performance, which could influence investor sentiment and lead to a decrease in stock price in the short term.
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