Cracking The Code: Understanding Analyst Reviews For Snap
Portfolio Pulse from Benzinga Insights
In the last three months, 10 analysts have published ratings on Snap (NYSE:SNAP), with a range of perspectives from bullish to bearish. The average 12-month price target has decreased by 12.5% to $13.3. Analysts have recently lowered their price targets, reflecting a cautious outlook on Snap's future performance.
August 06, 2024 | 3:01 pm
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NEGATIVE IMPACT
Analysts have mixed views on Snap, with a 12.5% drop in the average 12-month price target to $13.3. Recent ratings show a cautious outlook, with several analysts lowering their price targets.
The decrease in the average price target and the fact that multiple analysts have lowered their price targets indicate a cautious outlook on Snap's future performance. This is likely to have a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100