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The Latest Breaking News from Snap Inc

Benzinga's Top Ratings Upgrades, Downgrades For July 22, 2022

Upgrades

Benzinga

U.S. Stock Futures Edge Lower; Verizon, Twitter Earnings in Focus

Pre-open movers

Benzinga

Snap Q2 Earnings Highlights: Stock Tanks On No Q3 Guidance, Revenue And EPS Miss

Camera company and Snapchat parent company Snap Inc (NYSE: SNAP) is falling after-hours Thursday after reporting second-quarter financial results. Here are the key highlights.

Benzinga

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Is Now the Time to Buy These Poor-Performing Stocks?

The stock market sell-offs triggered by macroeconomic and geopolitical issues since the beginning of the year have led to many stocks delivering poor performance. Although the correction was broad-based, Etsy (ETSY) and Snap (SNAP) have performed worse than their industry. However, is it wise to scoop up these stocks at…

StockNews.com

Snapchat just invested in an influencer-focused resale platform

Online thrifting app Galaxy blends shopping and entertainment by letting users shop the closets of their favorite influencers.

Input

SNAP Is up 8%. Will the Stock Be Able to Recover Completely?

SNAP has gained 8.4% over the past month based on an analyst’s rating upgrade and the expected removal of TikTok from Google’s Play Store and Apple’s App Store. However, given its lower-than-industry profitability and stretched valuation, can SNAP keep recovering? Read on to learn our view….

StockNews.com

Snap debuts paid service Snapchat+ with exclusive features

Snap Inc. is launching a paid version of the widely used social media platform offering “exclusive” and “experimental” features.

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Snapchat+ Is Just A Paid Beta: What You Need To Know

It’s $4 per month, and you’ll still be delivered ads! On Wednesday, Snap Inc. (NYSE: SNAP) unveiled Snapchat+, a new subscription-based tier that would cost $3.99 per month and include "a mix of exclusive, experimental, and pre-release features."

Benzinga

Ad Industry's Biggest Conference Returns With New Winner: Find Out Who

The advertising industry's biggest conference has returned with a new winner Amazon.com, Inc (NASDAQ: AMZN), after a two-year break, Bloomberg reports. Amazon occupied a portion of the beachfront at the annual Cannes Lions show with the "Amazon Port," its most extensive showcasing at the conference yet reflecting its growing significance. Tech companies like Alphabet Inc (NASDAQ:GOOG)…

Benzinga

Here's Why Needham Predicts Taboola Shares To Double

Needham analyst Laura Martin reiterated Buy on Taboola.com Ltd (NASDAQ:TBLA) with a price target of $5 (95.3% upside). Martin cited the eMarketer report that advertising revenue on the Open Internet (excluding Walled Gardens like Amazon.com Inc (NASDAQ: AMZN), Meta Platforms Inc's (NASDAQ:META) Facebook, Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google, YouTube, Snap Inc (NYSE:SNAP), and Roku, Inc (NASDAQ:ROKU)) is about $40 billion in the U.S. and about…

Benzinga

Snap CEO endorses Elon Musk's "super app" strategy for Twitter

"I think he's seeing a lot of what we saw in Asia," Spiegel told Axios.

Axios

Benzinga Before The Bell: SpaceX Fires Staff Critical Of Musk, Snapchat Tests Subscriptions And Other Top Financial Stories Friday, June 17

Reuters London’s Gatwick Airport To Fly Lesser Number Of Flights During Summer Season

Benzinga

Snapchat Bringing Paid Subscription Service? Here's What We Know

Snap Inc (NYSE: SNAP), which heavily relies on advertising revenue, is reportedly testing out a paid subscription service with many user perks for its instant messaging app and service.

Benzinga

Twitter-Backed Social Media Platform Also Gets Google Backing In $255M Funding Round

Indian social media app ShareChat, which counts Twitter Inc (NYSE: TWTR) and Snap Inc (NYSE: SNAP) among its investors, recently raised $520 million in a multi-tranche funding round.

Benzinga

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StockNews.com

4 Internet Stocks to Buy on Weakness

The internet has become integral to modern lifestyle, with social media at the forefront. With the development of web 3.0 in sight, the industry might experience a metamorphosis. So, we think investors should buy prominent internet stocks, Meta Platforms (META), Twitter (TWTR), Snap Inc. (SNAP), and Expedia (EXPE) on weakness.

Benzinga

What's Going On With Snap Stock?

Snap Inc (NYSE: SNAP) shares are trading higher Tuesday, but the stock has fallen nearly 75% since the start of the year — what's going on?

Benzinga

What's Going On With Snap Shares Falling Today?

Snap Inc (NYSE: SNAP) shares are trading lower by 5.46% to $13.33 as shares of several companies in the broader communications, media and entertainment industry dip amid overall market weakness. A rise in US inflation and economic concerns have pressured discretionary names.

Benzinga

Snap Stock Slides — Here's Where To Watch For A Reversal

Snap Inc. (NYSE: SNAP) was falling over 2% lower on Friday after siding almost 8% lower on Thursday.

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2 Downgraded Social Media Stocks to Avoid

Investor sentiment around social media stocks has been plummeting amid cutbacks in digital ad spending in the face of the rising inflation. So, given the deteriorating macroeconomic environment, we think it could be wise to avoid recently downgraded social media stocks Pinterest (PINS) and Snap (SNAP). These stocks might witness…

Benzinga

Why Snap Shares Are Falling Today

Snap Inc (NYSE: SNAP) shares are trading lower Tuesday after Credit Suisse cut its price target on the social media stock.

Benzinga

Credit Suisse Slashed Snap's Price Target By 23.4%, Still Reiterated Outperform - Read Why

Snap Inc (NYSE:SNAP) recently shared its reduced expectations of Q2 FY22 revenue and EBITDA amid the challenging macroeconomic environment. Credit Suisse analyst Stephen Ju maintained an Outperform rating on Snap as it cut the price target from $77 to $59 (278.7% upside). Ju called out Snap's 1) minimal exposure to travel as consumer dollars flow from…

Benzinga

Here's Why This Analyst Slashed 2025 Revenue Estimates For Alphabet, Meta, Snap, Twitter

Research firm MoffettNathanson slashed its 2025 revenue estimates for each Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), Meta Platforms Inc (NASDAQ:FB), Snap Inc (NYSE:SNAP), and Twitter Inc (NYSE:TWTR) by double-digit percentages, Reuters reported. MoffettNathanson expects online advertising in the U.S. to grow by 12.5% annually through 2025, down from the previous estimate of 18.5% annual growth. "After years of uber-bullishness, we are truly concerned…

Benzinga

Microsoft Joins Peers In Hiring Slowdown Amid Economic Volatility

Microsoft Corp (NASDAQ:MSFT) looks to slow hiring in its Windows, Office, and Teams chat and conferencing software groups, Bloomberg reports. Recently, Microsoft disclosed plans to double its budget for salary increases and boosting stock grants to retain key workers. Microsoft's slowdown was not companywide, and overall it will continue to hire with additional focus…

Benzinga

Why Netflix Shares Are Rising Today

Netflix Inc (NASDAQ: NFLX) shares are trading higher Wednesday as streaming, gaming and social media stocks bounce back after falling in sympathy with Snap Inc (NYSE: SNAP) on Tuesday.

Benzinga

Snapchat Has An Apt Filter For Investors 'Shook' By Its Stock Crashing

Snap Inc (NYSE: SNAP), the parent of Snapchat, saw its shares plummet a whopping 43.1% on Tuesday, bringing down the Nasdaq with it. Investors may discover that the multimedia messaging app has just the right filters for them to express their feelings.

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