SNAP heads into Q2 earnings with ad growth and AI tools in focus as geopolitical, restructuring and hardware pressures test results.
Snapchat is now letting users share the music they're listening to in real time via a new feature in Snap Map, TechCrunch has exclusively learned.
Snap Inc (NYSE:SNAP) is expected to remain under pressure to demonstrate stronger advertising revenue growth when it reports second-quarter earnings, with Jefferies saying the company's ads business continues to be the key issue despite expectations for improving overall revenue growth. The brokerage reiterated its ‘Buy' rating on Snap while lowering its price target to $5.50 from $8, writing that although it remains positive on the company's engagement scale and long-term monetization opportunity, "the core issue remains ad rev growth, which has yet to show meaningful improvement.
In the most recent trading session, Snap (SNAP) closed at $4.47, indicating a -1.97% shift from the previous trading day.
Trevor Testwuide, Measured CEO, calls Snapchat one of marketing's most overlooked growth platforms.
In the closing of the recent trading day, Snap (SNAP) stood at $4.76, denoting a +1.71% move from the preceding trading day.
Snapchat remains deeply undervalued despite tepid growth and sector pessimism; I reiterate a "Strong Buy" rating. SNAP's revenue grew 12% YoY, driven by ARPU increases, but North America DAUs declined and ad revenue growth was stagnant. Management's aggressive cost-cutting, targeting $500 million in annualized savings, positions SNAP for margin expansion and potential GAAP breakeven.
Snap (SNAP) concluded the recent trading session at $4.7, signifying a +1.51% move from its prior day's close.
The memory storage stock has fallen 23% over the past three trading days and was down again Tuesday.
According to the lawsuit, the girl began using Snapchat in 2021, when she was 11, without her parents' knowledge.
The latest trading day saw Snap (SNAP) settling at $4.53, representing a +1.57% change from its previous close.
SNAP purchase restrictions are now approved in 23 states, affecting about one-third of recipients and potentially reducing food and beverage sales by up to $830 million this year. Companies including Hershey, PepsiCo, Coca-Cola and Kraft Heinz are closely monitoring shopper behavior as limits on soda and candy purchases expand.