trending Market Intelligence /marketintelligence/en/news-insights/trending/vsR1I2fQ7PEBBx30BaJLcw2 content esgSubNav
In This List

Analyst cuts Snapchat parent as CFO resigns

Podcast

Next in Tech | Episode 171: Concerns About Fraud Drive AI Investment

Podcast

MediaTalk | Season 2
EP 16 - Streamers' Quest for Profitability: Ads vs. Price Hikes

Podcast

Next in Tech | Episode 170: Corporate Language Analysis in Pride Month

Podcast

MediaTalk | Season 2
EP 15 - Talking a 'Transformational' Upfront with A&E


Analyst cuts Snapchat parent as CFO resigns

RBC Capital Markets analyst Mark Mahaney cut Snap Inc.'s rating to "sector perform" from "outperform" following the resignation of the company's CFO Tim Stone, Benzinga.com reported Jan. 16.

Mahaney said Stone's departure is a "material negative" for the Snapchat parent company.

The analyst maintained a price target of $8 on the company's stock.