Streetbeat News

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

BMO Capital analyst Brian Pitz has initiated coverage on Snap Inc. (NYSE:SNAP) with an Outperform rating and set a price target of $22.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 11:26 am

Amazon's Echo Frames and Meta's Ray-Ban Meta are the latest smart glasses targeting everyday consumers. Echo Frames, celebrating the 10th anniversary of Google Glass, focus on audio with a 14-hour battery life, customizable styles, and Alexa voice commands, priced at $270. Ray-Ban Meta emphasizes video capture and content consumption. Both products reflect the ongoing development in the smart glasses market, which has seen various successes and failures over the past decade.

Portfolio Pulse from Anusuya Lahiri

December 26, 2023 | 4:32 pm

The article discusses various video calling apps and devices that can help people stay connected during the Christmas holidays. It highlights platforms like Zoom (ZM), Skype, Google Meet (GOOG, GOOGL), FaceTime (AAPL), WhatsApp (META), Microsoft Teams (MSFT), Discord, and Snapchat (SNAP), as well as dedicated devices like Amazon Echo Show, Google Nest Hub, and Facebook Portal. It also provides tips for a memorable video call experience and emphasizes the importance of security during the festive season.

Portfolio Pulse from Ananya Gairola

December 23, 2023 | 5:10 am

On CNBC, Josh Brown, a well-known financial analyst, announced that he has purchased shares of Snap Inc. (SNAP).

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 5:09 pm

Over the past 5 years, Snap Inc. (NYSE:SNAP) has outperformed the market with an average annual return of 25.43%, resulting in an 11.54% higher annualized return compared to the market. A $1000 investment in SNAP 5 years ago would now be worth $3,249.03. Snap's market capitalization currently stands at $27.91 billion.

Portfolio Pulse from Benzinga Insights

December 21, 2023 | 3:00 pm

Snap Inc. (NYSE:SNAP) has seen a decrease in short interest by 6.99% since the last report, with 69.01 million shares sold short, representing 7.72% of its float. The average time to cover these short positions is 3.66 days. While a decrease in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term price rise. Snap's short interest is higher than its peer group average of 6.29%.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 6:30 pm

Adam Mosseri, head of Instagram, has publicly prioritized youth safety on the platform, emphasizing its importance in various public appearances. However, former employees claim that Instagram, under Mosseri's leadership, has not consistently implemented safety features, such as default settings to hide offensive words, due to the pressure to compete with TikTok.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 2:59 pm

Snap Inc. (NYSE:SNAP) shares are trending higher after Guggenheim upgraded the stock from Neutral to Buy and raised the price target from $9 to $23. The upgrade was based on the growth of Snapchat+ and stable demand from its core user base. Snap CEO Evan Spiegel's 2024 outlook memo set a goal of $500 million in non-advertising revenue. Wells Fargo also upgraded Snap last week, and the stock has set a new 52-week high. Snap is trending among retail investors and is trading above its 50-day moving average, with a significant portion of shares sold short.

Portfolio Pulse from Erica Kollmann

December 18, 2023 | 5:13 pm

Snap Inc. shares have risen following an upgrade by Guggenheim from Neutral to Buy, with an increased price target from $9 to $23.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 3:14 pm

Several top Wall Street analysts have updated their price targets and ratings for various US-listed companies. Darden Restaurants, Prologis, TrueCar, Intel, Equifax, Exelon, Snap, Berry Global Group, Micron Technology, and Arm Holdings have all seen changes in their analyst forecasts. Notably, Snap Inc. could rally around 36% according to Guggenheim, which upgraded the stock from Neutral to Buy with a new price target of $23.

Portfolio Pulse from Avi Kapoor

December 18, 2023 | 1:15 pm

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