Piper Sandler and Truist Lower SNAP Price Targets

Snap Inc. (NYSE:SNAP) is one of the 13 Best American Penny Stocks to Invest In. On February 6, Piper Sandler lowered its price target on Snap Inc. (NYSE:SNAP) from $10 to $8 and kept its Neutral rating on the stock. This update comes after the company’s latest earnings report. Revenue came in about 1% above Piper Sandler’s expectations and EBITDA was 18% higher than the firm’s forecast. Despite these results, Piper Sandler pointed to weaker trends in daily active users (DAUs) and higher projected expenses ...