Truist Cuts Snap Price Target to $8, Keeps Hold as User Growth and Ad Demand Lag
Truist Securities trimmed its price target for Snap Inc. to $8.00 from $11.00 while keeping a Hold rating after the company's fourth-quarter 2025 results and first-quarter 2026 guidance. The firm cited disciplined cost management against advertising growth that remains subdued, solid liquidity on the balance sheet, and mixed demand trends across cu…