"Mizuho analyst Lloyd Walmsley initiated coverage of (SNAP) with a Neutral rating and $9 price target"
"The firm sees potential upside to the shares from a reacceleration in growth, but views Snap as a "show-me story.""
"It remains cautious on the stock due to "weak" feedback from its advertising channel checks."
Mizuho initiated coverage of Snap with a Neutral rating and a $9 price target. The firm sees potential upside to the shares if growth reaccelerates. Snap is characterized as a "show-me story" that must demonstrate tangible improvements in metrics. Mizuho remains cautious because advertising channel checks returned "weak" feedback, raising concerns about near-term ad demand and revenue traction. The rating balances upside potential from execution-driven growth against the current lack of convincing advertiser and channel strength.
Read at TipRanks Financial
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