Snap (SNAP) Stock Just Crashed 25% Following Earnings, Analyst Reaction Mixed
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Go back to Snap (SNAP) Stock Just Crashed 25% Following Earnings, Analyst Reaction Mixed
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
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
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
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
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%
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October 21, 2021 4:11 PM EDT
By Sheila Dang
(Reuters) -Shares of Snap Inc plummeted 25% on Thursday after the owner of photo messaging app Snapchat said privacy changes implemented by Apple Inc on iOS devices hurt the company's ability to target and measure its digital advertising.
The Santa Monica, California-based company, which earns the vast majority of its revenue from selling digital advertising on the app, said the issue was compounded by global supply chain disruptions and labor shortages and caused brands to pull back on their advertising spending.
The results for Snap, which is the first of the major social media... More
October 21, 2021 4:11 PM EDT
Snap (NYSE: SNAP) reported Q3 EPS of $0.17, $0.09 better than the analyst estimate of $0.08. Revenue for the quarter came in at $1.07 billion versus the consensus estimate of $1.1 billion.
DAUs were 306 million in Q3 2021, an increase of 57 million, or 23%,...
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