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

Snap has responded to a complaint from the New Mexico Attorney General by emphasizing its commitment to user safety, particularly for minors. The company highlights its deliberate design choices to protect minors and its ongoing collaboration with law enforcement and government agencies to enhance safety mechanisms.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 4:18 pm

Snap (NYSE:SNAP) has received 17 analyst ratings in the past three months, with a mix of bullish, neutral, and bearish perspectives. The average 12-month price target has decreased by 13.8% to $12.18. Analysts have adjusted their ratings and price targets, reflecting changing market conditions and company performance. Snap's financials show a 15.84% revenue growth rate, but challenges in ROE, ROA, and high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

September 30, 2024 | 8:01 pm

Cantor Fitzgerald analyst Deepak Mathivanan has reiterated a Neutral rating on Snap Inc. (NYSE:SNAP) and maintained a price target of $8.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 4:32 pm

Snap has signed up to the EU's AI Pact, aligning with the EU's AI Act to promote trustworthy AI. Snap commits to adopting AI governance, mapping high-risk AI systems, and promoting AI literacy among staff.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 4:12 pm

Snap Inc. has expanded its partnership with Google Cloud to enhance its My AI chatbot using Google's generative AI technology, Gemini on Vertex AI. This will enable Snapchat to offer more engaging features by understanding and operating across various information types.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 11:22 am

Meta Platforms is set to host its annual developer conference, Meta Connect 2024, focusing on augmented reality and artificial intelligence. Analysts expect announcements on new products, including a cheaper VR headset and advancements in AI capabilities. The event could impact competitors like Apple and Snap.

Portfolio Pulse from Chris Katje

September 23, 2024 | 6:23 pm

Cantor Fitzgerald analyst Deepak Mathivanan has reiterated a Neutral rating on Snap Inc. (NYSE:SNAP) and maintained a price target of $8.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 2:48 pm

B. Riley Securities has initiated coverage on Snap Inc. (NYSE:SNAP) with a Neutral rating and set a price target of $11.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2024 | 1:34 pm

The FTC report criticizes major tech companies like Amazon, Meta, and Alphabet for extensive data collection practices that compromise user privacy. The report highlights the lack of transparency and inadequate protection for children and teens, urging for legislative action.

Portfolio Pulse from Anthony Noto

September 19, 2024 | 6:49 pm

Significant options activity has been observed for Snap (NYSE:SNAP), with a mix of bullish and bearish sentiment among investors. The options activity suggests a potential price range of $7.0 to $12.0 for Snap, with a current trading price of $10.11. The stock is up by 4.5% and may be approaching overbought territory.

Portfolio Pulse from Benzinga Insights

September 19, 2024 | 2:31 pm

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