Snap Inc Class A

SNAP: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$78.00	Kfby	Dmpkflld

Snap Earnings: Attracting Users and Advertisers Remains a Constant Struggle Against Giants

Michael Hodel

Aug 2, 2024

After posting surprisingly strong revenue and providing an upbeat forecast last quarter, no-moat Snap did the opposite this time, sending its shares sharply lower. Results were particularly disappointing relative to the solid digital advertising demand giants Meta and Alphabet have generally seen. Our growth outlook for Snap was already conservative, and, as with last quarter, we’re maintaining our $14 fair value estimate.

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