The upcoming report from Snap (SNAP) is expected to reveal quarterly loss of $0.05 per share, indicating a decline of 600% compared to the year-ago period. Analysts forecast revenues of $1.12 billion, representing an increase of 13.2% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to a company's earnings announcement, it is crucial t ...

Snap Inc (NYSE: SNAP) has gained over 10% in recent sessions but it may not be out of juice just yet, as per Wells Fargo.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.How high could Snap stock go in 2024?Copy link to sectionAnalysts at the financial services behemoth continue to see upside in $SNAP to $16 which signals potential for another 40% gain. Wells Fargo expects the social media company to benefit as the numbers of subscribers on Snap+ push ...

Congress is getting closer to legislation against TikTok.Shares of Snap (SNAP 6.97%) were gaining today as Congress appeared to move a step closer to banning TikTok in the U.S. or forcing its parent company, China-based ByteDance, to sell the rights to operate the popular social media app in the U.S.While there was no company-specific news out on Snap, investors believe that a setback for TikTok would be beneficial to Snap, and the stock rose 7.1% on that logic as of 12:36 p.m. ET. A loss for TikTok is a wi ...

Bad news for a rival is being taken as a positive by the U.S. social media company's investors.Perhaps stung by criticism that it has done little to no legislative work, the U.S. House of Representatives is currently laboring to transfer the ownership of -- or ban -- the hotly popular TikTok social media site in the United States.Clearly encouraged by that effort, on Wednesday market players traded up the stock of its rival Snap (SNAP 4.71%), owner and operator of Snapchat. Snap's shares closed the day 4.7% ...

What comes after a disappointing quarter – a spectacular comeback, or more disappointment? That’s the billion-dollar question that Snap’s (NYSE:SNAP) shareholders are asking. Snap will soon face a crucial moment, so keep your position in Snap stock small.You don’t have to sell all your Snap shares. Be ready for unexpected adventures. I believe Snap has good comeback prospects since the market’s expectations are low. Nevertheless, hedging your bets is the smart move right now.Snap Stock: Here’s the Date to W ...

Snapchat demoted a controversial feature that ranks friends based on their relationship to the user after concerns that it was fueling insecurity among its teen-heavy audience.The social media site said that it would deactivate the default setting that automatically enabled the “Solar System” function on its Snapchat+ $4-per-month subscription service.The tool is a ranking mechanism that assigned one of the nine planets to a friend based on the frequency with which they communicated with one another — analo ...

This may be the year that the social media company rebounds from the downturn in the ad industry.Shares of Snapchat operator Snap (SNAP -0.18%) experienced a run-up near the end of 2023, hitting a 52-week high of $17.90 in December. But the trend changed in 2024. After a period of sideways moves, the stock plunged after the company released its fourth-quarter results on Feb. 6.That drop may indicate reasons exist to avoid the stock, or it may have created a buying opportunity. Wall Street analysts' median p ...

Interest rates soared throughout 2022 and 2023, leaving businesses feeling uncertain. They couldn't be sure about the impact on consumer spending, so many of them braced for lower revenue by slashing costs -- especially on line items like marketing. That hurt companies reliant on advertising to generate revenue, including Meta Platforms, Google parent Alphabet, and Snap (SNAP -2.00%).Meta and Google have used their scale to great effect and are growing nicely once again after a challenging 18 months between ...

Snap (SNAP) closed the latest trading day at $11.19, indicating a -1.76% change from the previous session's end. The stock's performance was behind the S&P 500's daily loss of 0.65%. Elsewhere, the Dow saw a downswing of 0.49%, while the tech-heavy Nasdaq depreciated by 0.96%.Shares of the company behind Snapchat witnessed a loss of 1.81% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 2.19% and the S&P 500's gain of 3.27%.The investment community wil ...

Doha , Qatar - 28 February 2024; A general view of the Snapchat logo during day two of Web Summit ... [+] Qatar 2024 at the Doha Exhibition and Convention Center in Doha, Qatar. (Photo By Ramsey Cardy/Sportsfile for Web Summit Qatar via Getty Images)Sportsfile via Getty ImagesSnap’s stock (NYSE: SNAP) has lost approximately 30% YTD as compared to the 8% rise in the S&P 500 index over the same period. The drop was due to weak results in the fourth quarter of 2023, with revenues and average revenue-per-user m ...