Advertisement
Singapore markets closed

  • Straits Times Index

    3,176.51
    -11.15 (-0.35%)
     

  • Nikkei

    37,068.35
    -1,011.35 (-2.66%)
     

  • Hang Seng

    16,224.14
    -161.73 (-0.99%)
     

  • FTSE 100

    7,895.85
    +18.80 (+0.24%)
     

  • Bitcoin USD

    64,311.44
    +862.51 (+1.36%)
     

  • CMC Crypto 200

    1,387.84
    +75.21 (+5.73%)
     

  • S&P 500

    4,967.23
    -43.89 (-0.88%)
     

  • Dow

    37,986.40
    +211.02 (+0.56%)
     

  • Nasdaq

    15,282.01
    -319.49 (-2.05%)
     

  • Gold

    2,406.70
    +8.70 (+0.36%)
     

  • Crude Oil

    83.24
    +0.51 (+0.62%)
     

  • 10-Yr Bond

    4.6150
    -0.0320 (-0.69%)
     

  • FTSE Bursa Malaysia

    1,547.57
    +2.81 (+0.18%)
     

  • Jakarta Composite Index

    7,087.32
    -79.50 (-1.11%)
     

  • PSE Index

    6,443.00
    -80.19 (-1.23%)
     

Why Some Analysts Think Snap Is a $5 Candidate

Naomi Gray
Updated
Why Some Analysts Think Snap Is a $5 Candidate

Since Snap (SNAP) reported audience growth that missed consensus estimates for the second quarter, there has been little consensus on Wall Street on what lies ahead for the company. Facebook (FB) has replicated some distinctive Snapchat features in its apps such as Instagram, cutting Snapchat’s competitive advantages. BTIG recently downgraded its rating on Snap stock to “sell” from “neutral,” saying that Snap is struggling to monetize its platform at a time when product innovation has been lacking.

Continue reading