Reported 24 days ago
Snap Inc. saw a resurgence in stock projections after reporting better-than-expected third-quarter earnings, which included an adjusted profit of 8 cents per share and a revenue increase to $1.37 billion. Despite a year-to-date decline in share value, analysts are cautiously optimistic, with adjustments to price targets reflecting ongoing challenges in user growth and competition, especially with rivals like TikTok. CEO Evan Spiegel highlighted the company's focus on improved engagement through recent app updates and augmented reality innovations.
Source: YAHOO