Bearish
Mizuho cuts Snap's price target to $5, citing ad struggles and user growth concerns.
Mizuho has reduced its price target for Snap Inc. (SNAP) from $6 to $5, maintaining a Neutral rating. The firm highlights challenges in advertising and user growth as primary factors influencing this adjustment. Additionally, Mizuho points to significant investments in Snap's augmented reality product, Spectacles, which have yet to yield clear returns.
Key points
- Mizuho lowers Snap's price target to $5, citing ad struggles and user growth concerns.
- Snap's Q1 2026 earnings report shows a return to user growth with 483 million daily active users.
- Snap's Q1 2026 revenue rose 12% to $1.53 billion, in line with estimates.
Sources
AI-generated from public news sources. Not financial advice.
