Bearish
Bernstein and Mizuho lower Snap's price targets to $5 amid user growth concerns.
In the past 24 hours, both Bernstein and Mizuho have reduced their price targets for Snap Inc. to $5, citing challenges in user growth and advertising performance. Bernstein highlighted pressures on daily active users and competition from platforms like Meta and TikTok. Mizuho echoed these concerns, noting struggles in advertising and user engagement.
Key points
- Bernstein cuts Snap's price target to $5, citing user growth pressures.
- Mizuho lowers Snap's price target to $5, highlighting ad struggles and user headwinds.
Sources
AI-generated from public news sources. Not financial advice.
