Snap price target raised to $14.50 from $14 at BofA

BofA analyst Justin Post raised the firm’s price target on Snap (SNAP) to $14.50 from $14 and keeps a Neutral rating on the shares after Q4 revenue and EBITDA beat expectations. The firm was “too cautious” on Q1 comps and is raising revenue estimates for higher ad growth and Snapchat+ traction, notes the analyst, who is raising the firm’s 2025 revenue view by 3% and EBITDA forecast by 13%.