Snap (SNAP) Tops Q3 EPS by 9c, Q4 Guidances Misses

Snap Inc (SNAP) PT Lowered to $76 at Jefferies

October 22, 2021 8:15 AM EDT

Jefferies analyst Brent Thrill lowered the price target on Snap Inc (NYSE: SNAP) to $76.00 (from $90.00) while maintaining a Buy rating.

The analyst commented, "With the stock +51% YTD, investors will be disappointed with a 3% rev miss and Q4 rev guidance 13% below street. While... More

Snap Inc (SNAP) PT Lowered to $85 at Rosenblatt

October 22, 2021 7:32 AM EDT

Rosenblatt analyst Mark Zgutowicz lowered the price target on Snap Inc (NYSE: SNAP) to $85.00 (from $100.00) while maintaining a Buy rating.

The analyst commented, "We maintain our Buy rating for the following 3 key reasons: 1) we believe iOS disruptions have created a pause not permanent... More

Snap Inc (SNAP) PT Lowered to $80 at Goldman Sachs Following Earnings

October 22, 2021 6:32 AM EDT

Goldman Sachs analyst Eric Sheridan lowered the price target on Snap Inc (NYSE: SNAP) to $80.00 (from $90.00) while maintaining a Buy rating following disappointing earnings.

The analyst commented, "Snap's Q3 21 earnings report revolved around a set of near-term headwinds as it would appear the feared... More

Snap (SNAP) Plummeted 24% Following Q3 Results; Q4 Guidance Miss

October 21, 2021 5:11 PM EDT

Snap (NYSE: SNAP) shares were trading around 24% lower after-hours following the companys Q3 results, which included a miss on the top-line in the current quarter and a warning about future performance amid headwinds. The social media platform blamed changes to the iOS platform,... More

Snap (SNAP) Stock Just Crashed 25% Following Earnings, Analyst Reaction Mixed

October 21, 2021 4:36 PM EDT

Snap (NYSE: SNAP) stock is trading sharply lower after hours Thursday after the social media company reported mixed Q3 results and offered disappointing guidance.

Snap earned $0.17 per share to top the analyst estimate of $0.08. Sales for the quarter came in at $1.07 billion to miss on the consensus of $1.1 billion.

Sales grew 57% year-over-year thanks to 306 million active global users, higher than the 301.8 million expected from the Street. Finally, the average revenue per user (ARPU) came in at $3.49 vs. $3.67 consensus.

While we anticipated some degree of business disruption, the new Apple-provided... More

Twitter (TWTR), Facebook (FB) Pinterest (PINS) Lower After Snap (SNAP) Tanks on Disappointing Guidance

October 21, 2021 4:14 PM EDT

Twitter (NYSE: TWTR), Facebook (NASDAQ: FB) Pinterest (NYSE: PINS) Lower After Snap (NYSE: SNAP) Tanks on Disappointing Guidance

TWTR -6.5%FB -4%PINS -2%Alphabet (NASDAQ: GOOGL) -2%SNAP -25%
... More