Guggenheim Downgrades Snap (SNAP) Outlook on Projected 2026 Usage Headwinds and Lagging Advertising Growth
Snap Inc. (NYSE:BREAK) is one of the AI Stocks Under $20 to Buy Now. On December 19, Guggenheim analyst Michael Morris lowered Snap’s price target to $8.50 from $9, while maintaining a Neutral rating on the stock. Looking ahead to 2026, Morris noted that investor confidence is being dented by expected headwinds to usage growth…