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

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) Implies More Pain to Come for Digital Ad Names, Citi Reiterates Sell

October 22, 2021 6:28 AM EDT

Citi analyst Jason Bazinet reiterated a Sell rating and $67.00 price target on Snap Inc (NYSE: SNAP) after the company reported 3Q21 revenue of $1,067 million (+57% YoY), short of the Street's $1,099 million and just below the lower end of SNAPs 3Q guided range. User growth was healthy... More

Snap Inc (SNAP) PT Lowered to $75 at Wells Fargo

October 22, 2021 6:26 AM EDT

Wells Fargo analyst Brian Fitzgerald lowered the price target on Snap Inc (NYSE: SNAP) to $75.00 (from $95.00) while maintaining a Overweight rating.... More

Snap Inc (SNAP) PT Lowered to $104 at Credit Suisse but Headwinds Should Prove Transitory

October 22, 2021 6:20 AM EDT

Credit Suisse analyst Stephen Ju lowered the price target on Snap Inc (NYSE: SNAP) to $104.00 (from $111.00) after the company reported 3Q21 revenue of $1067.5mm slightly below consensus of $1097mm, while Adj. EBITDA of $174.2mm was handily above the cons $136mm.

The analyst reiterated an... More

Snap Inc (SNAP) PT Lowered to $70 at RBC Capital

October 22, 2021 6:13 AM EDT

RBC Capital analyst Brad Erickson lowered the price target on Snap Inc (NYSE: SNAP) to $70.00 (from $88.00) while maintaining a Outperform rating.... More

Snap Inc (SNAP) PT Lowered to $75 at Oppenheimer

October 22, 2021 5:59 AM EDT

Oppenheimer analyst Jason Helfstein lowered the price target on Snap Inc (NYSE: SNAP) to $75.00 (from $88.00) while maintaining a Outperform rating.... More

Snap Inc (SNAP) PT Lowered to $77 at Barclays

October 22, 2021 5:52 AM EDT

Barclays analyst Ross Sandler lowered the price target on Snap Inc (NYSE: SNAP) to $77.00 (from $81.00) while maintaining a Overweight rating.... More

Snap (SNAP) 30-day IV at 63 into shares down on results and guidance

October 22, 2021 5:23 AM EDT

Snap (NYSE: SNAP) 30-day option implied volatility is at 63; compared to its 52-week range of 43 to 119 as shares trade lower on guidance. Call put ratio 1.3 calls to 1 put.

... More

Popular stocks with increasing volume: SNAP TLRY PINS PYPL

October 22, 2021 5:09 AM EDT

Popular stocks with increasing volume: SNAP TLRY PINS PYPL

... More

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

October 22, 2021 4:36 AM EDT

KeyBanc analyst Justin Patterson lowered the price target on Snap Inc (NYSE: SNAP) to $85.00 (from $90.00) while maintaining a Overweight rating.... More

Snap Inc (SNAP) PT Lowered to $74 at Evercore ISI

October 22, 2021 4:25 AM EDT

Evercore ISI analyst Mark Mahaney lowered the price target on Snap Inc (NYSE: SNAP) to $74.00 (from $88.00) while maintaining a Outperform rating.... More

Snap Inc (SNAP) PT Lowered to $82 at JMP Securities

October 22, 2021 2:57 AM EDT

JMP Securities analyst Ronald V. Josey lowered the price target on Snap Inc (NYSE: SNAP) to $82.00 (from $94.00) while maintaining a Market Outperform rating.... 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%
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Snap shares plunge 25% as Apple privacy changes hit ads business

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

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

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%,... More