snap incs snap stock price target was reduced by credit suisse on monday ahead of the companys secondquarter earnings on thursday july 21 credit suisse lowered its target for the snapchat parent to 45 from 59 amid concern about rotating advertising budgets and economic headwinds on may 23 snap said it will likely miss quarterly estimates citing an economy that has deteriorated further and faster than anticipated credit suisses price target cut echoes concerns from analysts about the impact of a slowing economy on digital advertising with snap having already preannounced that it will miss the lowend of 2q22 guidance investor focus will primarily be on the 3q22 outlook and incremental indications for 4q wrote credit suisse analyst stephen ju that said with marketers indicating compressing visibility and classic macro headwind driven behavior of consolidating ad budgets to the larger destinations we expect the share donation which we called out for snap at the time of its preannouncement to intensify however credit suisse maintained its outperform rating on snap pointing to potential for betterthanexpected daily active user growth a revamped android app and betterthanexpected ad revenue on ramping product rollouts and marketer adoption of 41 analysts surveyed by factset 30 have overweight or buy ratings 10 have hold ratings and one has a sell rating snap shares gained 3 to 1406 on monday outpacing the sp 500s spx 07 gain