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benzinga.com
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These Analysts Revise Their Forecasts On Snap After Q4 Results - Snap (NYSE:SNAP)

1. Snap reported Q4 earnings of 16 cents per share, exceeding estimates. 2. Quarterly revenue reached $1.55 billion, up from $1.36 billion year-over-year. 3. Snapchat daily active users increased by 9% to 453 million. 4. Wells Fargo downgraded Snap, lowering the price target to $11. 5. B of A Securities raised Snap's price target to $14.5, maintaining Neutral.

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FAQ

Why Neutral?

Mixed analyst ratings signal uncertainty in investor sentiment. Historical downgrades often pressure stock prices.

How important is it?

Earnings report and analyst ratings are vital for stock evaluations. However, mixed outcomes dilute overall impact.

Why Short Term?

Immediate analyst ratings could influence short-term trading volumes. Earnings metrics typically affect stock performance in the next few trading sessions.

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