What exactly did Evercore ISI change for Snap on Feb 05, 2026?

Evercore ISI maintained a **mixed** rating and cut its Snap price target to **$9** from **$13** on Feb 05, 2026 at 11:14 AM, citing weaker ad recovery and monetization assumptions.

How should I interpret the SNAP analyst rating for my holdings?

A maintained mixed rating with a lower target suggests caution, not a firm sell signal. Use the SNAP analyst rating as one input and compare it with other analysts and company guidance.

Does the Evercore ISI move change Snap's valuation materially?

Evercore’s cut tightens valuation expectations and can pressure sentiment, but a single-firm target change only materially shifts valuation if other firms follow or if company results worsen.

Where can I read the Evercore ISI note and broader upgrade/downgrade listings?

The Evercore note was reported by The Fly; see the write-up [source](https://thefly.com/permalinks/entry.php/id4286314/8508286394/SNAP-Snap-price-target-lowered-by--at-Evercore-ISI-heres-why). For broader upgrade and downgrade lists, see the WSJ market-data page [source](https://www.wsj.com/market‑/

Analyst Ratings

Evercore ISI maintains mixed view on Snap Inc. (SNAP), cuts target to $9 Feb 2026

ByDanny Kontos February 6, 2026February 6, 2026

Evercore ISI on Feb 05, 2026 at 11:14 AM kept a mixed rating on Snap Inc. (SNAP) and lowered its price target to $9 from $13. The SNAP analyst rating action pairs a downward price-target revision with a maintained sentiment, signaling caution on ad recovery and near-term monetization trends. The firm cited revenue and margin risks that justify the lower target. Investors should note the single-firm move and weigh it with broader coverage before adjusting positions.