Roundhill Ball Metaverse ETF (NYSE: METV).Global X Social Media ETF (NASDAQ: SOCL).Their target price would be $12.68, as suggested by quantitative models.Īlternatively, investors could consider buying an exchange-traded fund (ETF) that has SNAP stock as a holding. Snap bulls who are not concerned about short-term volatility could consider investing now. Afterwards, shares could potentially start a new leg up. Our expectation is for SNAP stock to trade in a wide range between $9 and $11, and build a base. Its overall score of 2 points is a fair performance ranking. But cash flow and relative health scored 2. For instance, in terms of growth health, it scored 3 out of 5. We can also look at SNAP ’s financial health as determined by ranking more than 100 factors against peers in the communication services sector. In other words, fundamental valuation suggests shares could increase about 27%. What To Expect From Snap StockĪmong 42 analysts polled via, SNAP stock has an "outperform" rating. But on July 2, shares closed at $9.96, a decline of about 38%. Prior to the release of the Q2 results, SNAP stock was around $16.30. Wall Street was not pleased with the results that showed a significant decline in ad spending and revenue growth. In fact, recent user statistics provided by Similarweb show total visits to Snap in June was 5.4 million, down 10.27% from May. The company declined to issue an outlook for Q3 results, but expects revenue in the current quarter to stay flat compared to the previous year. We are evolving our business and strategy to reaccelerate revenue growth, including innovating on our products, investing heavily in our direct response advertising business and cultivating new sources of revenue to help diversify our topline growth." “ While the continued growth of our community increases the long-term opportunity for our business, our financial results for Q2 do not reflect our ambition.
On the results, CEO Evan Spiegel commented: Diluted net loss per share was 2 cents compared with an EPS of 10 cents a year ago. The top line recorded $1.11 billion, up 13% YoY, but fell short of estimates. While daily active users (DAUs) were 347 million, which represents an18% year-over-year increase, the average revenue per user (ARPU) declined 4% YoY to $3.20. Owner of the Snapchat app released disappointing Q2 metrics on July 21. Alphabet and Meta Platforms currently have the top spots in terms of global advertising revenue. Over a third of that amount will be spent in the U.S. Recent metrics suggest social media ad spending worldwide should exceed $225 billion this year. Like other social media names, Snap relies on online advertising revenue. The stock ’s 52-week range has been $9.66-$83.34, with the market capitalization currently at $16.8 billion. 24, 2021, SNAP shares surpassed $83, hitting a record high.
0 kommentar(er)
