TD Cowen Maintains Hold on Snap, Raises Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst John Blackledge maintains a Hold rating on Snap Inc. (SNAP) and raises the price target from $11 to $14.
April 26, 2024 | 5:58 pm
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TD Cowen analyst John Blackledge maintains a Hold rating on Snap Inc. but raises the price target from $11 to $14.
The increase in price target by TD Cowen suggests a positive outlook on Snap Inc.'s future performance, potentially leading to increased investor confidence and a short-term positive impact on the stock price. However, the Hold rating indicates that the analyst sees the stock as fairly valued at its current price, suggesting limited upside potential in the immediate term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100