Market Watch

Snap stock is down 80% this year, but analyst still sees too much optimism

breakingnow_w51jcqDecember 15, 2022

Oh Snap!

Despite a roughly 80% decline in the price of Snap Inc.’s SNAP stock so far this year, Jefferies analyst James Heaney still sees reason for caution.

He took over coverage of a series of digital-advertising names Thursday, downgrading Snap’s stock to hold from buy in the process.

“We…

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