Snap Inc. Announces Second Quarter 2022 Financial Results
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Snap Inc (SNAP) PT Lowered to $12 at Guggenheim
July 22, 2022 8:11 AM EDTGuggenheim analyst Michael Morris lowered the price target on Snap Inc (NYSE: SNAP) to $12.00 (from $18.00) while maintaining a Neutral rating.
The analyst commented, " On June 22 we lowered our 2Q22 SNAP ad revenue growth forecast to 10% based on our analysis of third-party ad portal... More
JPMorgan on Snap (SNAP): 'not giving Q3 guidance which is the focus point of this print', 'directionally negative for the digital ad names'
July 21, 2022 4:25 PM EDTAnalyst Jack Atherton comments "We are initiating coverage on shares of Riverview Acquisition Corp. (RVAC) with a Buy rating and a $15 price target. RVAC is a special purchase acquisition company (SPAC) which recently announced a merger agreement with Westrock Coffee Holdings. Westrock Coffee is a leading integrated coffee, tea,... More
Meta Platforms (META), Other Peers Trade Lower in Sympathy with Snap (SNAP)
July 21, 2022 4:14 PM EDT(Updated - July 21, 2022 4:57 PM EDT)
Meta Platforms (NASDAQ: META) Trades Lower in Sympathy with Snap (NYSE: SNAP)
META -6%SNAP -20% Following ResultsAlphabet (NASDAQ: GOOGL) -3%Twitter (NYSE: TWTR) -1.7%Pinterest (NYSE: PINS) -7%... MoreSnap (SNAP) Tops Q2 EPS by 18c, Revenue Misses, Doesn't Provide Guidance
July 21, 2022 4:11 PM EDTSnap (NYSE: SNAP) reported Q2 EPS of ($0.02), $0.18 better than the analyst estimate of ($0.20). Revenue for the quarter came in at $1.11 billion versus the consensus estimate of $1.15 billion.
DAUs were 347 million in Q2 2022, an increase of 54 million, or 18%, year-over-year.Financial... More
