B. Riley Securities Initiates Coverage On Snap with Neutral Rating, Announces Price Target of $11
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities has initiated coverage on Snap Inc. (NYSE:SNAP) with a Neutral rating and set a price target of $11.
September 20, 2024 | 1:34 pm
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NEUTRAL IMPACT
B. Riley Securities has initiated coverage on Snap Inc. with a Neutral rating and a price target of $11, indicating a cautious outlook.
The Neutral rating suggests that the analyst does not expect significant upside or downside in the short term. The price target of $11 provides a specific valuation expectation, which is crucial for investors. The impact is neutral as the rating does not suggest a strong buy or sell signal.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100