Snapchat: Potiental TikTok Ban And Snapchat+ Offer Hidden Upside [Seeking Alpha]
Snap Inc. Class A (SNAP)
Last snap inc. class a earnings: 4/21 04:10 pm
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US:NYSE Investor Relations:
investor.snap.com/company-profile
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Source: Seeking Alpha
Snapchat has been investing in driving user engagement through new offerings like Snapchat+. The company's Snapchat+ subscription service has seen growth, with 7 million subscribers and $249 million in annual revenue in Q4. Investment Thesis While Snap Inc. ( NYSE: SNAP ) had a lukework Q4 2023, where they reported a year-over-year increase in daily active users, at 414 million, and revenue rising 5% to $1.36 billion, investors are still concerned. Some investors have reservations about whether the smaller social media company can offer up competitive ad offerings like larger social media firms like Meta ( META ). The light guidance brought concerns as well. To help combat this, Snapchat has been investing heavily towards driving user engagement through new offerings such as Snapchat+. In younger generations, particularly Gen Z, Snapchat stands as a crucial mode of communication, with 4 billion messages and over 5 billion snaps created daily. For Gen Z, Snapchat not only st
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High impacting Snap Inc. Class A news events
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SNAP
News
- Snap Inc. (NYSE: SNAP) had its "outperform" rating re-affirmed by analysts at Raymond James. They now have a $16.00 price target on the stock, up previously from $15.00.MarketBeat
- Snap Inc. (NYSE: SNAP) had its price target raised by analysts at TD Cowen from $11.00 to $14.00. They now have a "hold" rating on the stock.MarketBeat
- Snap Inc. (NYSE: SNAP) had its price target raised by analysts at Wells Fargo & Company from $16.00 to $18.00. They now have an "overweight" rating on the stock.MarketBeat
- Snap Inc. (NYSE: SNAP) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $13.50 to $16.00. They now have a "neutral" rating on the stock.MarketBeat
- Snap Inc. (NYSE: SNAP) had its "hold" rating re-affirmed by analysts at Benchmark Co..MarketBeat
SNAP
Earnings
- 4/25/24 - Beat
SNAP
Sec Filings
- 4/26/24 - Form S-8
- 4/26/24 - Form 10-Q
- 4/25/24 - Form 8-K
- SNAP's page on the SEC website