Morgan Stanley Raises Snap Target 8% to $7

Morgan Stanley lifted Snap’s price target by 8% to $7 after Q1 EBITDA beat and revised revenue forecasts.
The firm maintained overweight ratings on DoorDash ($275 target, 48% upside) and Uber ($100 target, 26% upside) with higher 2027 EBITDA multiples.
Instacart kept equal‑weight rating, $48 target; Q1 orders fell 2.7% to 91 million, adjusted EBITDA $300 million, 2026 EBITDA forecast $1.286 billion.
Online grocery/retail gross order value grew 32%–40% for DoorDash and Uber, while Instacart’s $10.3 billion GOV expanded 13%, highlighting rapid gig‑economy growth.