Snap

SNAP

Market cap $13.2B

Snapchat, an app whose disappearing messages and silly face filters made chatting with loved ones more casual, is close to a milestone that few social media platforms achieve: reaching 1 billion monthly users.

The mean of analysts' price targets for Snap (SNAP) points to a 30.8% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Snap said on Monday it will offer Australians the chance to verify their age with software owned by the country's banks as the internet platform complies with a teenage social media ban which takes effect next month.

After primarily focusing on private conversations since its founding, Snapchat is embracing public conversations with a new “Topic Chats” feature. The social network says the feature lets users chat about what's happening in the world and across various communities, from Formula 1 to the reality TV show “Below Deck.

Examine the evolution of Snap's (SNAP) overseas revenue trends and their effects on Wall Street's forecasts and the stock's prospects.

Shares of the social media company jumped after the latest update showed improving ad performance. Snapchat's monthly-active-user count is approaching 1 billion.

Snap surged post-earnings on a $400 million AI partnership with Perplexity AI, despite weak user growth and ARPU trends. The Perplexity deal provides near-term revenue upside, but SNAP's long-term success hinges on reigniting North American user growth. Q3 results showed sluggish global DAU growth, flatlining in North America, and ARPU compression, highlighting fundamental business challenges.

Reddit's surging ad revenues, rising user engagement, and expanding search-led features position it ahead of Snapchat in the social media growth race.

Major U.S. equities indexes slid Thursday afternoon, led by tech stocks after a flurry of earnings reports and as worries about an AI bubble resurfaced. The Dow, S&P 500, and Nasdaq all lost ground.

SNAP's Q3 loss meets estimates as revenues rise 10% Y/Y, fueled by gains in subscriptions and global ad impressions.