![]() ![]() #Snap stock price update#Further, we expressly disclaim any responsibility to update such research. All of our research, including the estimates, opinions and information contained therein, reflects our judgment as of the publication or other dissemination date of the research and is subject to change without notice. Some discussions contain forward looking statements which are based on current expectations and differences can be expected. To the maximum extent permitted by law, neither we, any of our affiliates, nor any other person, shall have any liability whatsoever to any person for any loss or expense, whether direct, indirect, consequential, incidental or otherwise, arising from or relating in any way to any use of or reliance on our research or the information contained therein. However, we do not make any representation or warranty, expressed or implied, as to the accuracy of our research, the completeness, or correctness or make any guarantee or other promise as to any results that may be obtained from using our research. Our research is based on sources that we believe to be reliable. Our research is prepared for general circulation and has been prepared without regard to the individual financial circumstances and objectives of persons who receive or obtain access to it. ![]() Nothing in our research constitutes legal, accounting or tax advice or individually tailored investment advice. The information presented in this site is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. Nothing here in constitutes a recommendation respecting the particular security illustrated. Any trades shown are hypothetical example and do not represent actual trades. Please contact your financial advisor for specific financial advice tailored to your personal circumstances. Practical application of the products herein are at your own risk and, its partners, representatives and employees assume no responsibility or liability for any use or mis-use of the product. This product is for educational purposes only. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines.Disclaimer: Past performance is no guarantee of future performance. On the date of publication, Vandita Jadeja did not have (either directly or indirectly) any positions in the securities mentioned in this article. Snap has an open-ended downside risk amidst the rising uncertainties in the market. Further, Brian Nowak, a Morgan Stanley analyst has also lowered the price target to $24 from $55, but has maintained an “overweight” rating on the shares.Īvoid SNAP stock at all costs and choose other resilient tech stocks to invest in. Thomas Champion, a Piper Sandler analyst has a “neutral” rating with a price target of $18. Several analysts have downgraded the stock after the warning about the business outlook. The current state of Snap could make it an acquisition target for Meta Platforms (NASDAQ: FB), which had already attempted to buy the company twice in the past. There are many aspects the company needs to work on if it wants to continue attracting users. ![]() This could mean a lot of suffering for the business and the investors. The social media company could have a tough second half of the year and the stock wouldn’t go too far.Īll might not be over for Snap, and the long-term story could look interesting, but there will be more difficult quarters ahead. Snap has cash to ride out the storm but considering the current macroeconomic situation, it looks tough for the company to bounce back. If the user base isn’t growing, advertisers won’t be willing to spend money on the platform. However, the company hasn’t been able to grow its ad revenue or the average revenue per user, which is troublesome. One might argue that Snap has a solid cash flow and is making money through advertising revenue. It did reach $39.80 less than a month later, but a downward trend quickly followed. In my previous coverage of the stock, I said that SNAP stock would suffer due to the macro conditions, and it certainly did. Part of it is due to macroeconomic conditions. However, the company now expects the revenue and adjusted EBITDA to miss the lower end of the guidance. It expected the adjusted EBITDA (earnings before interest, taxation, depreciation and amortization) to be between breakeven and $50 million. In the first-quarter earnings report, the company had projected a rise in revenue by 20% to 25% year over year for the second quarter, an outlook that looked grim even at the time. ![]()
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