Citi raised the firm’s price target on Snap (SNAP) to $13 from $11 and keeps a Neutral rating on the shares. The firm says that with watch time growing globally, advertisers doubling in Q3, and margins expanding, it is encouraged with Snap’s Q3 results. However, the company’s brand advertising remains challenged and its Simple Snapchat redesign roll-out through 2025 could impact engagement and monetization overall, the analyst tells investors in a research note. Published first on TheFly – the u Read More...
Citi raised the firm’s price target on Snap (SNAP) to $13 from $11 and keeps a Neutral rating on the shares. The firm says that with watch time growing globally, advertisers doubling in Q3, and margins expanding, it is encouraged with Snap’s Q3 results. However, the company’s brand advertising remains challenged and its Simple Snapchat redesign roll-out through 2025 could impact engagement and monetization overall, the analyst tells investors in a research note.
Don’t Miss our Black Friday Offers:
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. >;elm:context_link;itc:0;sec:content-canvas” class=”link”>Try Now>>
Read More on SNAP:
Add Comment