Morgan Stanley has reduced its price target for Snap Inc. from $9.50 to $6.50, retaining an Equal Weight rating despite noting better-than-expected performance in the company's core business. The firm emphasized that investors are keenly awaiting clarity on Snap's potential to add $400 million in high-margin revenue through its partnership with Perplexity, signaling mixed sentiment as the company navigates market challenges.
“Morgan Stanley · lowered its price target on Snap Inc. (NYSE:SNAP) · from $9.50 to $6.50”
“Morgan Stanley · maintained its rating on Snap Inc. (NYSE:SNAP) · Equal Weight”
“Morgan Stanley · noted that the company’s core business is performing better than expected”
“Morgan Stanley · pointed out that investors will focus next on clarity on when the company could add $400 million in high-margin revenue · through its partnership with Perplexity”
“Morgan Stanley · cut its target · Snap · US$6.50”
“Morgan Stanley · discussed · CoreWeave, Inc. (NASDAQ:CRWV) · true”
“Morgan Stanley · recommended a rating of · Equal Weight · true”
“Morgan Stanley (MS) · now holds · shares of Apple (AAPL) · more than 230 million”
“Morgan Stanley · lowered the price recommendation on · Vistra Corp. (NYSE:VST) · to $215 from $227”
“Morgan Stanley · maintained a rating on · Vistra Corp. (NYSE:VST) · Overweight”
“Morgan Stanley · retained · an Equal Rating on Ameren Corporation”
“Morgan Stanley · elevated Ameren Corporation's price objective · $116 · from $108”
