These Analysts Cut Their Forecasts On Snap After Weak Sales
Portfolio Pulse from Avi Kapoor
Snap Inc. (NYSE:SNAP) reported weaker-than-expected Q2 revenue, leading to a 3.8% drop in share price. Analysts from JP Morgan and Susquehanna cut their price targets for Snap.
August 02, 2024 | 12:53 pm
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Snap Inc. reported Q2 revenue of $1.24 billion, missing estimates. Analysts from JP Morgan and Susquehanna cut their price targets, leading to a 3.8% drop in share price.
Snap's weaker-than-expected Q2 revenue and subsequent price target cuts by major analysts indicate a negative short-term outlook. The 3.8% drop in share price reflects investor sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100