Snap stock downgraded despite strong Q4 earnings report
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Snap Inc (NYSE: SNAP) reported strong Q4 earnings, surpassing Street estimates. However, Wells Fargo downgraded the stock, indicating concerns despite the positive earnings report.
February 05, 2025 | 6:00 pm
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Snap Inc reported better-than-expected Q4 earnings, but Wells Fargo downgraded the stock, suggesting potential concerns about future performance.
Despite Snap's strong Q4 earnings, the downgrade by Wells Fargo suggests that there may be underlying concerns about the company's future performance or market conditions. This downgrade could lead to a negative short-term impact on SNAP's stock price as investors react to the analyst's revised outlook.
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