Snap Inc Class A
SNAP: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$69.00 | Zlb | Lrlbdrkl |
Snap Earnings: Attracting Users and Advertisers Remains a Constant Struggle Against Giants
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.