Snap's 6.6% stock surge in the past month signals a strong buy opportunity as Q3 shows growth in users, revenues and AR innovation, backed by $3.2 billion cash reserves.
Instagram is introducing the ability for users to share their locations with their friends via DMs (direct messages), the company announced on Monday. The feature indicates that the Meta-owned social network is looking to challenge services like Apple's “Find My” and Snapchat's Snap Map, both of which are popular ways for users to see their friends' and loved ones' live locations.
Snap on Thursday filed a motion to dismiss a New Mexico lawsuit that alleged the tech company enabled child sexual exploitation on its messaging app Snapchat, arguing there were inaccuracies to the state's investigation.
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The average of price targets set by Wall Street analysts indicates a potential upside of 25.1% in Snap (SNAP). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
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Snap-on, Griffon, Churchill Downs and Roper Technologies are included in this Analyst Blog.
Snap's stock (NYSE: SNAP) was down 6% on Tuesday, November 12, after a media report emerged stating that the Trump administration is expected to attempt to halt a possible U.S. ban on TikTok next year. [1] TikTok owner ByteDance was given a deadline of January 19, 2025 to find a new owner for its U.S. operations, outside of China, or face a ban.
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Snap exceeded top and bottom line estimates for the third-quarter last week. The social media company reported solid Q3 earnings with all major platform metrics like revenue, users, ARPU and EBITDA developing in the right direction. Snapchat+ users exceeded 12M in the September quarter, doubling year-over-year.
Snap (SNAP) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
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