Snap shares plunge 25% as Apple privacy changes hit ads business
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Snap Inc (SNAP) PT Lowered to $76 at Jefferies
October 22, 2021 8:15 AM EDTJefferies 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 EDTRosenblatt 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) PT Lowered to $80 at Goldman Sachs Following Earnings
October 22, 2021 6:32 AM EDTGoldman Sachs analyst Eric Sheridan lowered the price target on Snap Inc (NYSE: SNAP) to $80.00 (from $90.00) while maintaining a Buy rating following disappointing earnings.
The analyst commented, "Snap's Q3 21 earnings report revolved around a set of near-term headwinds as it would appear the feared... More
Snap (SNAP) Plummeted 24% Following Q3 Results; Q4 Guidance Miss
October 21, 2021 5:11 PM EDTSnap (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 EDTSnap (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
