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Sell-side analysts have ratings on specific stocks, and based on them, they recommend to clients whether they should buy, sell or stay away from them. Analyst upgrades and downgrades can significantly influence the stock market, affecting both stocks with analyst upgrades, individual stock prices and broader market sentiment.
Recently, I predicted that April 25 would be a make-or-break day for Snap (NYSE: SNAP ), the owner of the photo-messaging app Snapchat. It was a “make” day and not a “break” day.
Snap is the parent company of Snapchat, and it has grappled with a series of headwinds over the last two years. Those headwinds might be dissipating, and the company is starting to reap the rewards of its investments in innovation.
Virtual reality (VR), the metaverse, mixed or extended reality and spatial computing are exciting trends for investors looking to bet on the next frontier of work, entertainment and interpersonal connection. Undoubtedly, the technology has come a long way since the 1980s.
Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
Snap's recent earnings surprises have put the stock back on the radar for technology investors. The company reported an increase in revenues and per-share adjusted earnings that surpassed analyst estimates. The stock faces resistance at $17.50, and a break above this level could lead to further bullish momentum.
CNBC's Kate Rooney reports on what to expect from Amazon's quarterly earnings results.
Explore Snap's (SNAP) international revenue trends and how these numbers impact Wall Street's forecasts and what's ahead for the stock.
Snap Inc. NYSE: SNAP investors are rejoicing after the company reported a surprise profit in its Q1 2024 earnings report. The company also raised its outlook for Q2 2024 as a cherry on top.
Earnings reports this week from Meta, Alphabet and Snap showed a solid recovery in the online ad market.