Why Snap Inc. Stock Is Setting A New Streak Higher
Portfolio Pulse from Erica Kollmann
Snap Inc. (NASDAQ:SNAP) shares are trading higher after The Verge reported the company's internal goals for 2024. The goals include growing daily active users to 475+ million, increasing content viewers to 80% of DAU, and achieving $500 million of adjusted EBITDA and positive free cash flow. Snap is expected to report its Q3 financial results on Oct. 24.
October 16, 2023 | 5:10 pm
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POSITIVE IMPACT
Snap's ambitious 2024 goals could potentially drive the company's stock higher in the short term as it indicates strong growth prospects.
The news about Snap's ambitious 2024 goals is directly related to the company and its future performance. If the company is able to achieve these goals, it would indicate strong growth, which could potentially drive the stock price higher in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100