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Snap Inc. (SNAP)

NYSE - Nasdaq Real-time price. Currency in USD
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58.26-0.23 (-0.39%)
As of 10:02AM EDT. Market open.
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  • P
    Peter
    Social media company Snap is one of the best new stocks to buy according to billionaire Paul Singer. Snap shares have gained 385% over the last 12 months. Recently, investment firm Wedbush upped its rating for Snap stock to Outperform from Neutral with a $75 price target. The firm likes the stock because of its “unique” position to benefit from social commerce, video and augmented reality. Snap stock also received a bullish outlook from Atlantic Equities, which upgraded the stock citing attractive valuation. Snapchat is ramping up its efforts to tap into the booming ecommerce market. Latest media reports suggest that the company is planning to launch an online shopping feature that will recommend clothes based on photos. For that the company recently acquired Screenshop.

    According to our database, the number of SNAP’s long hedge funds positions increased at the end of the fourth quarter of 2020. There were 63 hedge funds that hold a position in Snap Inc. compared to 51 funds in the third quarter. The biggest stakeholder of the company is Stephen Mandel's Lone Pine Capital, with 19.5 million shares, worth $976.9 million.

    In their Q4 2020 investor letter, RiverPark Advisors highlighted a few stocks and Snap Inc. (NYSE:SNAP) is one of them. Here is what the fund said:

    "Snap shares were our top contributor for the quarter driven by the company’s blow out third quarter earnings. The company grew revenue 52% year over year to $679 million (exceeding Street expectations by $120 million), and management guided to continued strong revenue growth of 47%-50% for the fourth quarter (more than $100 million greater than current estimates). Revenue growth was driven by strong engagement as well as better-than-expected monetization: Daily Active Users grew 18% year over year, they spent more time on the app (total daily time spent by Snapchatters watching Shows increased by over 50%) and created more Snaps (average Snaps created grew 25% year over year), while average revenue per user (ARPU) grew 28%. Additionally, SNAP delivered its most profitable quarter as a public company–adjusted EBITDA turned positive to $56 million for an 8% margin, vastly exceeding expectations of a $45 million loss.

    Snap, known for its mobile-only picture and messaging application Snapchat, has a large and growing user base (249 million DAU) that is extremely engaged, opening Snapchat over 30 times every day, and creating, on average, more than 4 billion Snaps per day. Additionally, with less than $3 billion in run rate revenue and an ARPU that is about 1/2 that of Twitter and 1/3 that of Facebook, Snap should be able to more fully monetize its audience as it continues to create more services—content, advertising, gaming and developer tools.”
  • D
    Diod
    I've read some of the post and they are hilarious. People are so finnicky. In February, thee CEO said they expect 50% growth for years to come, AD buying has increased which bodes well for SNAP, FB AND GOOG.

    The reason the price has been declining is because it ran up the previous two weeks, the information is under "historical data" if you above. The price had to decline in order for it to go up after Earnings. It will be approx 65.00 after ER.
  • P
    Peter
    According to Cowen analyst John Blackledge, some of the key drivers of Snap's first-quarter results will be persistently strong user growth and ramping direct response advertising, which is centered on engagement and has helped drive higher pricing for Snap's ad business. Blackledge rates the stock as Outperform with a price target of $88.00, implying additional upside of more than 40%. 
    "Per our most recent ad buyer survey, Snap is benefiting from increased auction pricing and strong interest in its direct response offering," Blackledge wrote in a note released on April 15. "We expect daily active users to grow 7% annually '21-'26, coupled with rising advertising monetization of the platform, to drive revenue growth and higher incremental margins over time." 
  • T
    Teri
    the Bullish Report on Snap Inc.

    https://chart-analysis.tools/SNAP
  • D
    Diod
    Today is tough but SNAP received two upgrades today by Rosenblatt and MKM with price targets at 83.00 and 100.00. This should gap up mid day and tomorrow. GL to all
  • G
    GARY
    This new generation computer chip with “Glassy Carbon Super Capacitors” will skyrocket share price.
    https://seekingalpha.com/instablog/21922151-bioresearch-alert/5581275-giant-microchip-industry-get-major-boost-from-us-nuclear-and-grapheton-glassy-carbon
    Stock Picks, Stock Market Investing
    seekingalpha.com
  • P
    Peter
    and here we have the daily buy back as the shorts lack the conviction to go into earnings without cover
  • t
    todd
    Looking at the profit taking the last couple days and no shorts alive to participate. Blown away to extinction over the last three years, they've gone the way of the Dodo Bird.

    #darwinism
  • T
    Thomas
    Glad SNAP reports Q1 before PINS and FB
  • N
    NY
    Oppenheimer raises estimates, targets as digital advertising growth accelerates
  • D
    Drew
    Earnings season is on the way for digital advertising players, and Cowen is taking a sunnier view of the space - raising its price targets on the key companies as it sees recovery ongoing.

    Snap (SNAP +3.1%) gets a target bump to $88 from $86 due to strong ad trends in Q1; that target implies 38% upside
  • N
    NY
    Wedbush upgraded the previous rating for Snap Inc (NYSE:SNAP) from Neutral to Outperform. Snap earned $0.09 in the fourth quarter, compared to $0.03 in the year-ago quarter. The stock has a 52-week-high of $73.59
  • D
    Diod
    Just a reminder that in February, management guided 50% growth for many years to come!!! / This stock is 22% below it's all time high price, that's a lot of room to runup / The implied movement is approx 13%, what sounds more realistic 49.85 or 64.75?
  • A
    Adam
    can't wait to see this company grow. boomers don't understand how influential this app is with young people
  • b
    barnick
    If you’re a day trader, you should definitely check out (http://Pick-stocks.com). They send a watchlist covering the top pre-market movers every day before the open. It’s a great way to pick out potential trades for the day.
  • G
    Greg
    faith and patience has been the winning playbook.
    #long&strong
  • R
    Ramos
    A good trader earn significant addition to the Board.If you want investment ideas from real knowledgeable traders, and investors check them out on telegram @ kathlynmoorefx1
  • m
    money_insider_stocknews
    Snap Inc. (SNAP), Chief Business Officer, Gorman Jeremi, Filled Form 4, on 04/19/2021, Disposed 15,271 shares, at Price $60.18 worth $919,068 Follow On Instagram, money_insider_stocknews
    Facebook, @Earnegy, For Stocks, Insider News and Details.
  • A
    Adam
    Ken everytime someone posts something on this board
  • P
    Peter
    If the company's track record of approaching its revenue guidance with conservatism is any indication of how Snap's first-quarter top line may trend, the company may not only beat analysts' forecasts but even post a higher growth rate than it did in Q4.