Morgan Stanley Maintains Underweight on Snap, Raises Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Brian Nowak has maintained an Underweight rating on Snap Inc. (SNAP) but raised the price target from $11 to $12.

April 26, 2024 | 4:55 pm
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Morgan Stanley maintains an Underweight rating on Snap Inc. but increases the price target from $11 to $12.
The adjustment in price target by Morgan Stanley suggests a slightly more optimistic outlook on Snap Inc.'s valuation, despite maintaining an Underweight rating. This could indicate a belief in some positive developments or improvements in the company's performance or market position, but not enough to change the overall bearish stance. Investors might see this as a nuanced view, potentially leading to mixed reactions in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 90