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 in the year ahead as key reasons for cutting the price target. The research firm lowered its fiscal year 2026 EBITDA estimate for Snap Inc. (NYSE:SNAP) by 9%.

On February 6, Truist Securities also reduced its price target on Snap Inc. (NYSE:SNAP) from $11 to $8 and maintained its Hold rating on the stock. This adjustment came after the company reported Q4 2025 results and provided Q1 2026 guidance, which Truist Securities sees as “relatively in line” with expectations.

The research firm pointed out that Snap Inc. (NYSE:SNAP) has shown solid cost management against advertising growth, which remains muted at 5%.

Snap Inc. (NYSE:SNAP) is an American technology and social media company that develops and maintains technological products and services. The company’s core products include Snapchat, Lens Studio, and Spectacles.

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Disclosure: None. This article is originally published at Insider Monkey.