Snap Inc.'s stock price target was reduced by Credit Suisse on Monday ahead of the company's second-quarter earnings on Thursday, July 21. Credit Suisse lowered its target for the Snapchat parent to $45 from $59 amid concern about rotating advertising budgets and economic headwinds. On May 23 Snap said it will likely miss quarterly estimates, citing an economy that has "deteriorated further and faster than anticipated." Credit Suisse's price target cut echoes concerns from analysts about the imp Read More...
Snap Inc.’s stock price target was reduced by Credit Suisse on Monday ahead of the company’s second-quarter earnings on Thursday, July 21. Credit Suisse lowered its target for the Snapchat parent to $45 from $59 amid concern about rotating advertising budgets and economic headwinds. On May 23 Snap said it will likely miss quarterly estimates, citing an economy that has “deteriorated further and faster than anticipated.” Credit Suisse’s price target cut echoes concerns from analysts about the imp
