UBS Maintains Neutral on Snap, Lowers Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Lloyd Walmsley has maintained a Neutral rating on Snap Inc. (NYSE:SNAP) and lowered the price target from $14 to $13.

April 16, 2024 | 12:55 pm
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UBS has maintained a Neutral rating on Snap Inc. and reduced the price target from $14 to $13.
The reduction in the price target by UBS suggests a bearish outlook on Snap Inc.'s short-term price potential, likely due to anticipated challenges or underperformance relative to market expectations. This adjustment could lead to a negative investor sentiment towards SNAP, potentially causing a short-term decrease in its stock price.
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