Analysts and brokerage firms often use ratings when they issue stock recommendations to stock traders. Analysts arrive at stock ratings by researching public financial statements, communicating with executives and customers, and following industry trends.
Here are the latest analyst ratings and updates for Snap, Twitter and Facebook.
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Shares of Snap Inc (NYSE:SNAP) are trading higher by around 3.2% Wednesday after Wedbush analyst Ygal Arounian upgrades the social media company from Neutral to Outperform and raises the price target from $52 to $75.
Shares of Twitter (NYSE:TWTR) are trading higher by about 0.25% after Arounian assumes the social media giant with a Neutral rating and raises the price target to $75.
Arounian downgraded Facebook, Inc. (NASDAQ:FB) from Outperform to Neutral and lowers the price target from $375 to $340. Shares of Facebook are trading lower by 1.62%.
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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.