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SNAP

Snap Inc.

https://www.snap.com

Industry

Internet Content & Information

Snap Inc. operates as a camera company in North America, Europe, and internationally. The company offers Snapchat, a camera application with various functionalities, such as Camera, Communication, Snap Map, Stories, and Spotlight that enable people to communicate visually through short videos and images. It also provides Spectacles, an eyewear product that connects with Snapchat and captures photos and video from a human perspective; and advertising products, including AR ads and Snap ads comprises a single image or video ads, story ads, collection ads, dynamic ads, and commercials. The company was formerly known as Snapchat, Inc. and changed its name to Snap Inc. in September 2016. Snap Inc. was founded in 2010 and is headquartered in Santa Monica, California.

Open

10.71

Mkt cap

18B

Volume

16M

High

10.71

P/E Ratio

-18.28

52-wk high

17.90

Low

10.49

Div yield

N/A

52-wk low

8.29

Snap CEO Evan Spiegel discussed layoffs during a live interview on CNBC, indicating potential restructuring within the company.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 4:22 pm

On CNBC, Snap CEO Evan Spiegel emphasized building a performance ad business and noted progress in advertising, suggesting advertisers seek alternatives to big tech ad companies.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 4:20 pm

Wells Fargo analyst Ken Gawrelski maintains an Overweight rating on Snap Inc. (SNAP) but lowers the price target from $22 to $16.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 3:50 pm

U.S. stocks traded higher with the Dow Jones gaining around 100 points. Uber Technologies reported better-than-expected Q4 sales, with revenue growth of 15% year-on-year to $9.94 billion. MicroCloud Hologram, Glatfelter Corporation, and SMX Public Limited Company saw significant stock price increases. Conversely, Invitae Corporation, CytoMed Therapeutics, and Snap Inc. experienced notable declines. Oil and gold prices traded up, while silver and copper saw decreases.

Portfolio Pulse from Avi Kapoor

February 07, 2024 | 2:58 pm

BMO Capital analyst Brian Pitz maintains an Outperform rating on Snap Inc. (SNAP) but lowers the price target from $22 to $20.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 2:51 pm

Snap Inc (NYSE:SNAP) shares plummeted following mixed Q4 results, missing revenue estimates but beating earnings expectations. The company reported a 5% year-over-year revenue increase to $1.361 billion, below the expected $1.38 billion, and adjusted earnings of 8 cents per share, above the 6 cents forecast. Daily active users grew by 10% to 414 million. Snap cited the Middle East conflict as a factor impacting growth and provided Q1 revenue guidance of $1.095 billion to $1.135 billion, with expected negative EBITDA. Rosenblatt analyst Barton Crockett maintained a Neutral rating on SNAP but raised the price target from $11 to $12.

Portfolio Pulse from Adam Eckert

February 07, 2024 | 2:34 pm

The top 10 trending stocks on WallStreetBets as of February 7, 2024, include BABA, NVDA, TSLA, SNAP, DAY, PYPL, UBER, RBLX, PLTR, and DIS, according to data from Swaggy Stocks.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 2:21 pm

Susquehanna analyst Shyam Patil maintains a Neutral rating on Snap Inc. (SNAP) and raises the price target from $9.5 to $12.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 2:10 pm

Wall Street analysts have updated their price targets and ratings for several US-listed companies, including FMC Corporation, NXP Semiconductors, Quest Diagnostics, Aptiv PLC, Kimball Electronics, New York Community Bancorp, Rallybio Corporation, Spotify Technology, Dynatrace, and Snap Inc. The changes include both upgrades and downgrades, with adjustments to price targets reflecting analysts' latest views on these stocks.

Portfolio Pulse from Avi Kapoor

February 07, 2024 | 2:06 pm

Snap Inc. shares plummeted by 30.4% following mixed Q4 results. Biodexa Pharmaceuticals saw a 59.81% increase in shares after receiving a US patent allowance for Tolimidone. Glatfelter shares surged 134% after Berry Global announced plans to merge its Health, Hygiene and Specialties segment and Films Business with Glatfelter.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 1:50 pm

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