Michael Teich 7/22/20 Michael Teich 7/22/20

Snap’s “Puzzling” Earnings Results Cool Off the Stock and Raise Questions About TikTok

Snap delivered better-than-expected revenue for the latest quarter despite shrinking ad budgets from major advertisers who are struggling with the pandemic, but the social media company disappointed investors with slower-than-anticipated user growth and conservative guidance.

Michael Teich 6/19/20 Michael Teich 6/19/20

Snap Price Target Increased to $26 by Stifel

Snap is building a case that it is among the best-positioned companies to capture a growing share of digital advertising dollars in a post-COVID environment. On Friday, the Snapchat parent company received a price target hike to $26 (previously $18) from Stifel analyst John Egbert.