TD Cowen raised the firm’s price target on Snap (SNAP) to $12 from $11 and keeps a Hold rating on the shares. The firm said its Ad Buyer Survey suggests its share of the worold-wide digital ad share remains stable and they raised their EBITDA margin estimates in 4Q and longer term.
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Read More on SNAP:
- Snap price target raised to $15 from $14 at Wells Fargo
- Supreme Court signals TikTok ban likely to be upheld, Bloomberg says
- Snap Inc. call volume above normal and directionally bullish
- Trump Trade: Google donates, suitor emerges for TikTok’s U.S. assets
- Project Liberty proposes to buy TikTok’s U.S. assets, Reuters reports
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