
Snap, Inc (NYSE:SNAP) is set to print its second-quarter financial results after the markets close on Thursday. Analysts expect Snapchat's parent company to report an earnings loss of 1 cent per share on revenues of $1.14 billion for the quarter ending March 31.
Ahead of the earnings print, a number of analysts have weighed in on Snap, with all the firms lowering their price targets. On Thursday, KeyBanc analyst Justin Patterson maintained an Overweight rating and lowered the price target from $27 to $25. Deutsche Bank analyst Benjamin Black maintained a Buy rating and lowered Snap’s price target from $30 to $25.