Snap Struggles Despite Earnings Beat—Analysts See Higher Costs, Mixed Growth Prospects
1. Snap reported Q4 earnings of 16 cents, beating estimates of 14 cents. 2. Quarterly revenue of $1.55 billion surpassed the $1.54 billion forecast. 3. JP Morgan lowered its price target from $11 to $10, maintaining an Underweight rating. 4. BofA raised its price forecast from $14 to $14.5, keeping a Neutral stance. 5. Wells Fargo downgraded Snap from Overweight to Equal-Weight, lowering target from $15 to $11.