Wells Fargo analyst Ken Gawrelski raised the firm’s price target on Snap (SNAP) to $15 from $14 and keeps an Overweight rating on the shares ahead of quarterly results. The firm notes that all eyes today are on the fate of TikTok in the U.S. There should be better visibility into this outcome by the time of Snap’s earnings. The market seeking insights into app redesign as the next potential catalyst, the firm adds.
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