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Snap’s Earnings Miss Is Not Facebook’s Gain: Why This Analyst Cut Stock Price Target, Earnings Outlook

Snap's Earnings Miss Is Not Facebook's Gain: Why This Analyst Cut Stock Price Target, Earnings Outlook

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Snap Inc (NYSE:SNAP) shares plunged 23.2% on Friday morning following a disastrous third-quarter earnings report on Thursday afternoon and other social media stocks traded lower in sympathy. One of Friday’s big losers was Facebook, Inc. (NASDAQ:FB), and at least one Wall Street analyst slashed his Facebook price target in response to the Snap earnings miss.

...read full article on Benzinga

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