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Snap (SNAP) Falls 8.2% as OpenAI Launches Short-Form Video Product
SnapSnap(US:SNAP) Yahoo Finance·2025-10-02 12:46

We recently published 11 Stocks Failing to Keep up With The Market. Snap Inc. (NYSE:SNAP) is one of the top performers on Tuesday. Shares of Snap Inc. (NYSE:SNAP) declined by 8.21 percent on Tuesday to end at 7.71apieceasinvestorssouredonaninvestmentfirmsconservativestanceforthecompany,whiledigestingtheimpactofOpenAIsnewshortformvideoapponthecompany.Inamarketnote,MizuhoSecuritiesgaveSnapInc.(NYSE:SNAP)aneutralratingwithapricetargetof7.71 apiece as investors soured on an investment firm’s conservative stance for the company, while digesting the impact of OpenAI’s new short-form video app on the company. In a market note, Mizuho Securities gave Snap Inc. (NYSE:SNAP) a “neutral” rating with a price target of 9. The figure repres ...