Citigroup Maintains Neutral on Snap, Lowers Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Ronald Josey maintains a Neutral rating on Snap (NYSE:SNAP) but lowers the price target from $16 to $11.
August 12, 2024 | 1:18 pm
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Citigroup analyst Ronald Josey maintains a Neutral rating on Snap but lowers the price target from $16 to $11.
The lowered price target from $16 to $11 by Citigroup suggests a less optimistic outlook for Snap's stock performance, which could lead to a short-term decline in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100