Snap Inc. Announces Second Quarter 2024 Financial Results

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Snap Inc (SNAP) PT Lowered to $14 at Roth/MKM

August 2, 2024 6:58 AM EDT

Roth/MKM analyst Rohit Kulkarni lowered the price target on Snap Inc (NYSE: SNAP) to $14.00 (from $15.00) while maintaining a Neutral rating.

The analyst comments "Following a strong 1Q and positive channel checks, we were surprised when SNAP whiffed on 2Q expectations... More

Snap Inc (SNAP) PT Lowered to $11 at JPMorgan

August 2, 2024 5:19 AM EDT

JPMorgan analyst Doug Anmuth lowered the price target on Snap Inc (NYSE: SNAP) to $11.00 (from $13.00) while maintaining a Underweight rating.

The analyst comments "Snaps 2Q results fell short of expectations as certain consumer discretionary verticals pulled back brand spending, with trends... More

Snap (SNAP) Tops Q2 EPS by 18c, Misses on Revenue; Offers Q3 Guidance

August 1, 2024 4:11 PM EDT

Snap (NYSE: SNAP) reported Q2 EPS of $0.02, $0.18 better than the analyst estimate of ($0.16). Revenue for the quarter came in at $1.24 billion versus the consensus estimate of $1.25 billion.

Offered the following guidance: Our Q3 guidance range for revenue is $1,335 million to $1,375 million (versus the consensus of $1.36... More