Stockchase Opinions

Stephen Weiss, Founder, Short Hills Capital PartnersSnap Inc.SNAPCOMMENTJul 22, 2022

Ad spending is a leading indicator of the wider economy and it is weakening. Snap (and Twitter) is a small player, so not a good indicator of the wider economy.
$9.96

Stock price when the opinion was issued

$5.91

As of May 28, 2026. Market Open.

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DON'T BUY

Is -39% this year. He's recommended this as a short. Maybe an activist investors will change things. Not interested.

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TOP PICK

Snap inc. is a camera company. at snap, we believe that reinventing the camera represents our greatest opportunity to improve the way people live and communicate. we contribute to human progress by empowering people to express themselves, live in the moment, learn about the world, and have fun together. learn more about our open opportunities and get a glimpse of life at snap at careers.snap.com! Social media mentions are up 67% in the past 24h.

PARTIAL SELL

Is up 92% in the past months. You got to take some profits off the table after this run.

SELL ON STRENGTH

Every stock that's being shorted is going up now. If SNAP rises 10%, then sell.

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TOP PICK
Snap Inc. is a camera company. Snap believes that reinventing the camera represents its greatest opportunity to improve the way people live and communicate. The company contributes to human progress by empowering people to express themselves, live in the moment, learn about the world, and have fun together. Social media mentions are up 182% in the past 24h.
DON'T BUY
It's losing money. Just because it's cheap doesn't make it a buy.
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TOP PICK
Snap Inc. is a camera company. Snap believes that reinventing the camera represents its greatest opportunity to improve the way people live and communicate. The company contributes to human progress by empowering people to express themselves, live in the moment, learn about the world, and have fun together. Social media mentions are up 75% in the past 24h.
DON'T BUY
It reports Thursday. It was clubbed after its last quarter when it triggered this whole tech sell-off. It remains down in the dumps.
DON'T BUY
Square crushed the numbers recently, but its stock went down. Snap didn't crush the numbers, so its shares are going down even more.
BUY ON WEAKNESS
No one is worried about megacap tech stocks and that's a worry. Snap, Twitter and Pinterest, also Lyft have slid around 25% from their highs, and these are buying opportunities in the coming months.
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PAST TOP PICK
(A Top Pick Mar 31/21, Up 11.1%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with SNAP has triggered its stop at $60. To remain disciplined we recommend covering the balance of the position at this time. Combined with the previous recommendation to cover half the position, this results in a combined net investment return of 24%.
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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Apr 01/21, Up 38.7%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with SNAP is progressing well and has achieved our $75 target. To remain disciplined, we recommend covering 50% of the position and trailing up the stop (from $30) to $60.
BUY
In the past month and half, this has rebounded hard after May's lows. They will put up strong numbers whatever the FEd does with interest rates. However, the stock went out of fashion in February when Wall St. rotated out of tech, and now this is reversing. SNAP recently bounced off its 50-day moving average and broke out of last week's highs. This is a classic inverse head and shoulders pattern--a very bullish signal with the neckline at $65. Once it breaks above that, it's a breakthrough. This could have a lot more room to run. But this on any breakout--this stock has momentum. A technical analyst he likes believes this will hit $80.
BUY
He expects a great quarter from them, based on strong growth. They've gotten religion about getting good customers/advertisers.