Snap stock slips again as Wall Street weighs inflation data and fresh analyst calls
Snap shares fell 1.4% to $7.88 Wednesday morning, deepening a five-day slide and leaving the stock about 35% below its 52-week high. Morgan Stanley raised its price target while Goldman Sachs lowered theirs, both keeping neutral ratings. Meta and Pinterest also declined about 1.5%. Investors weighed bank earnings, inflation data, and Snap’s upcoming Feb. 3 report.