Canaccord analyst Maria Ripps raised the firm’s price target on Snap (SNAP) to $13 from $12 and keeps a Hold rating on the shares. The firm said Q3 results were generally solid, with total revenue coming in 1% ahead of consensus while profitability was well above expectations amidst continued operating expense discipline.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SNAP:
- Snap price target raised to $13 from $12 at Piper Sandler
- Snap price target lowered to $16 from $17 at JMP Securities
- Snap Inc. Reports Strong Q3 2024 Financial Results
- SNAP Earnings: Snap Stock Jumps Over 10% as Q3 Results Exceed Estimates
- Closing Bell Movers: Alphabet up over 5% on Q3 earnings beat