Snap Inc. Announces Second Quarter 2019 Financial Results
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July 24, 2019 7:06 AM EDT
Rosenblatt analyst Mark Zgutowicz raised the price target on Snap Inc (NYSE: SNAP) to a Street High $21.00 (from $18.00) while maintaining a Buy rating following results.
The analyst commented, "Exciting to see a slew of SNAP new product rollouts beginning to gain... More
July 24, 2019 6:56 AM EDT
RBC Capital analyst Mark Mahaney raised the price target on Snap Inc (NYSE: SNAP) to $20.00 (from $17.00) while maintaining an Outperform rating.
The analyst commented, "SNAP posted Beat & Raise Q2 results, with Revenue & EBITDA strongly better than RBC/Street, with DAUs... More
July 24, 2019 6:26 AM EDT
Susquehanna analyst Shyam Patil raised the price target on Snap Inc (NYSE: SNAP) to $12.00 (from $9.00) while maintaining a Negative rating.
"No surprises in 2Q and no big positive catalysts left for 2H. At 14x EV/sales, we think the risk/reward skews to the downside," Patil commented.
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July 23, 2019 4:11 PM EDT
Snap (NYSE: SNAP) reported Q2 EPS of ($0.06), $0.04 better than the analyst estimate of ($0.10). Revenue for the quarter came in at $388 million versus the consensus estimate of $359.56 million.
DAUs were 203 million in Q2 2019, compared to 190 million in Q1 2019 and 188 million in Q2...
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