Page 2 - Snap Stock News Today

Snapchat is one of the hottest messaging apps on the market, and its parent company, Snap Inc., is set to go public on the New York Stock Exchange later this month. Many investors are wondering if Snapchat is a good investment. The company is unprofitable and has a history of user growth slowing down. But […]

Snap’s stock (NYSE: SNAP) has gained roughly 30% YTD as compared to the 14% rise in the S&P500 index over the same period.

We’re expecting longer-term improvement on conversions; Snap stock undervalued.

Slashing Snap stock’s fair value estimate to to $16

Snap was the first major social media company to release its September-quarter earnings, and its stock tumbled 25% following the disappointing results after the bell.

Fair value estimate on Snap’s stock maintained at $27; company missed on top- and bottom-line growth.

Evan Spiegel wrote that economic factors have hit revenue growth and that hiring for new roles will be substantially slowed in a memo to employees.

Snapchat’s appeal to younger users and strong growth outside of North America and Europe means Snap is outperforming many of its rivals.

Druckenmiller's biggest acquisition in the last quarter was a near-$100 million position in oil major Chevron, a 13F filing from Monday showed.

Druckenmiller's biggest acquisition in the last quarter was a near-$100 million position in oil major Chevron, a 13F filing from Monday showed.