Reported 3 days ago
SRS Investment Management recently highlighted Snap Inc. (NASDAQ: SNAP) as one of its top stock picks, following a strong fourth-quarter performance that exceeded Wall Street expectations. The company reported a net income improvement and an increase in daily active users, leading to a significant equity stake held by SRS. Despite some challenges, including projected operating expenses and a slightly conservative earnings forecast for 2025, Snap remains optimistic about future growth and innovation. With rising hedge fund interest, SNAP ranks third in SRS Investment's list of top stocks to buy.
Source: YAHOO