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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.
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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.
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BUY
He expects a great quarter from them, based on strong growth. They've gotten religion about getting good customers/advertisers.
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BUY
Allan Tong’s Discover Picks SNAP stock earnings are -$0.65 and well below the industry average of $3.84. Cash flow at -$0.59 also lags its peers. The PE is sky high, while price/sales and price-book also exceed industry averages. Essentially, SNAP is not a profitable company and carries a negative ROE. So, am I trashing SNAP and telling you to run away screaming from this stock? Millennials and kids love this social media platform. Stockchase’s research division recently noted that revenues have surged over 60% and daily users have leapt 22%. Business is so good that SNAP management revised revenue forecasts to up to $740 million vs. the street’s $703 million. Even though the U.S. is reopening, I don’t expect usage of this app will fall off, since people will continue to use their apps out of sheer habit. Read 3 Promising Stock Upgrades: SNAP, Uber, Corus for our full analysis.
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TOP PICK
Stockchase Research Editor: Michael O'Reilly SNAP represents the social media platform of Snapchat for Gen Z and millennials. Recently reported EPS of $0.07 beat analyst expectations of $0.02 as revenues surged over 60%. Daily users increased 22% with over 5 billion daily snaps. Management revised revenue forecasts to $720-$740 million versus analyst expectations of $703 million. We would buy this with a stop loss at $30, looking to achieve $75 -- upside potential over 38%. Yield 0% (Analysts’ price target is $75.44)
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BUY

Pulled back with the group. Look at XLC, and you'll see it's making new relative strength highs. Wind at your back. He'd prefer FB, but you could buy this.

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BUY
Rocketed nearly 30% after delivering a stunning report. Kids aged 16-25 develop and stick to consuming habits, and this explains Snap's user surge and blow-out quarter. His kid loves their augmented reality photos.
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DON'T BUY
This really reacts to daily user usage metrics. He has been hesitant to enter into fad investing. He thinks it may get picked up by another company and bolted on their social media strategy. The multiple is volatile due to the swings from negative to positive earnings. They are up against a giant, so he would stay away for now.
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DON'T BUY
He doesn't use this or Instagram, but notices that young people use Instagram more than Spapchat, and that's the problem. The IPO was hyped in March 2017, but the price has since tumbled because they don't know how to monetize user base which has stalled.
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BUY
They mismanaged the offerings they put out last year, but it has since snapped back due to a reaction over Twitter. Many use Snap/Twitter as a pairs trade. Investors sell one to buy the other. So, with Twitter selling off lately, shares of Snap have risen. Buy in the $20s and sell in the $40s.
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DON'T BUY

His son has abandoned Snap and Instagram. He thinks it is going to do better if they stop Facebook (FB-O) to continue stealing their best features. It is tempting to say they are too small to niche and they won’t making it. He wouldn’t buy it, but it is interesting to see.

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DON'T BUY

He owned it, but they disappointed in earnings. He made some money on this (then bought Twitter). So...he recommends Twitter instead. Twitter has 336 million active users after purging a large portion of fake accounts and bots. Some investors were suspicious of this, but he sees this is an opportunity. Twitter has a very long runway--he's very bullish.

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DON'T BUY

It’s a big tech stock with no earnings. He doesn’t know that much about the stock. It takes a long time for companies like this to make money, if they ever do, The investor has to decide whether this particular one is likely to become profitable. There’s a lot of competition. The stock hasn’t done well since it has gone public. He trusts the market.

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COMMENT

They're innovative, but Instagram can quickly match their innovationst and they can understand the user better than Snap, because of the data that Facecook (its parent) has.

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COMMENT

A stock he has really wanted to buy. It has been really disappointing. Every time it gets close to $16, it falls off. He can't believe it is this cheap. As a passing interest, he would continue to own it and buy it, for no other reason than he likes the app itself.

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Showing 1 to 15 of 26 entries

Snap Inc.(SNAP-N) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 6

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 6

Stockchase rating for Snap Inc. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Snap Inc.(SNAP-N) Frequently Asked Questions

What is Snap Inc. stock symbol?

Snap Inc. is a American stock, trading under the symbol SNAP-N on the New York Stock Exchange (SNAP). It is usually referred to as NYSE:SNAP or SNAP-N

Is Snap Inc. a buy or a sell?

In the last year, 6 stock analysts published opinions about SNAP-N. 6 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Snap Inc..

Is Snap Inc. a good investment or a top pick?

Snap Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for Snap Inc..

Why is Snap Inc. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Snap Inc. worth watching?

6 stock analysts on Stockchase covered Snap Inc. In the last year. It is a trending stock that is worth watching.

What is Snap Inc. stock price?

On 2021-10-19, Snap Inc. (SNAP-N) stock closed at a price of $77.15.