Analyst Ratings For Snap
Portfolio Pulse from Benzinga Insights
Analysts have provided a range of ratings for Snap (NYSE:SNAP) over the past three months, with a notable decrease in average price targets. The current average target is $12.67, down 17.03% from the previous $15.27. Snap's financials show strong revenue growth but challenges in profitability and debt management.
September 05, 2024 | 3:01 pm
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Snap's average analyst price target has decreased by 17.03% to $12.67, reflecting a more cautious outlook. Despite strong revenue growth, Snap faces challenges with profitability and debt management.
The decrease in average price targets by analysts indicates a more cautious outlook on Snap's stock. This is compounded by financial challenges such as high debt levels and negative net margins, despite strong revenue growth. These factors suggest potential downward pressure on Snap's stock price in the short term.
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