Wells Fargo Maintains Overweight on Snap, Lowers Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Ken Gawrelski maintains an Overweight rating on Snap but lowers the price target from $15 to $14.
October 04, 2024 | 2:20 pm
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Wells Fargo analyst Ken Gawrelski maintains an Overweight rating on Snap but lowers the price target from $15 to $14, indicating a slightly less optimistic outlook.
The lowering of the price target from $15 to $14 suggests a slightly less optimistic view on Snap's future performance, which could lead to a short-term negative impact on the stock price. However, the Overweight rating indicates continued confidence in the stock's potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100