Snap Inc (SNAP) Partnership Summit Announcements Drive Shares 6% Higher - Piper Sandler
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Jefferies on Snap Inc (SNAP): 'incrementally positive on SNAP's potential to exceed 50% rev growth '
May 24, 2021 7:13 AM EDTJefferies analyst Brent Thrill reiterated a Buy rating and $81.00 price target on Snap Inc (NYSE: SNAP).
The analyst comments "The pace of innovation displayed at SNAP's Annual Partner Summit exceeded our expectations. SNAP announced product improvements across the Map (250M+ MAUs),... More
Snap (SNAP) Buys WaveOptics For $500 Million and Announces New Features to Drive Engagement and User Interactivity, Analysts Have Mixed Views
May 21, 2021 10:55 AM EDTSnap Inc. (NYSE: SNAP) announced today a deal to acquire WaveOptics, a company that produces lenses for augmented reality glasses, the Verge reported. The deal is Snaps largest ever as the company committed to pay $500 million in cash and stock.
The deal comes just a day after Snap presented a new version of its Spectacles smart glasses to push its shares higher. Moreover, the company announced new augmented-reality e-commerce products and new features for social media creators. All... More
