Home / news / Snap Is Worth $50B+ In 2020 With 300M DAUs – Snap Inc. (NYSE:SNAP)

Snap Is Worth $50B+ In 2020 With 300M DAUs – Snap Inc. (NYSE:SNAP)

collected by :Molly Tony

But with shares up nearly 18% so far this week as of this writing, Snap investors have every right to celebrate given Wall Street’s encouraging words.
So whatMore specifically, Piper Jaffray analyst Samuel Kemp initiated coverage on Snap stock with a neutral rating and a $23-per-share price target — a modest premium from Snap’s closing price of $21.84 on Wednesday.
Kemp elaborated that Snap is attractive to advertisers given its “unique communications model that funnels interactions to a narrower number of relationships,” which in turn results in higher-quality content.
In the end, whether Snap can sustain this momentum going forward remains to be seen.
What happenedShares of Snap Inc. (NYSE:SNAP) were up 6.1% as of 3:00 p.m. EDT Thursday after the Snapchat parent became the recipient of yet another (mostly) positive analyst note.

as declared in

Snap Is Worth $50B+ In 2020 With 300M DAUs – Snap Inc. (NYSE:SNAP)

With 300M DAUs users in 2020, Snap has the potential to be worth $50B+, more than double what it is currently trading for.
Torrid Revenue Growth & Signs Of Improving ProfitabilitySince launching its ads in late 2014, Snapchat has shown impressive execution in growing its revenue.
Risks: User Growth Slowdown & The Instagram ThreatThe bull case on Snap will crumble if they cannot continue to grow users.
In fact, Instagram replicated Snapchat’s Stories feature in August 2016, and ever since then Snap’s user growth appears to have slowed down dramatically.
Taking this into consideration, the price/sales multiple looks very fair, if Snap can continue to execute on monetizing its user base.


Cowen Initiates Snap Inc. At Outperform

as declared in Shares of Snap Inc (NYSE: SNAP) gained more than 3 percent Monday morning after Cowen’s John Blackledge initiated coverage of the company with an Outperform rating and $26 price target.
Latest Ratings for SNAP Date Firm Action From To Mar 2017 William Blair Initiates Coverage On Outperform Mar 2017 JMP Securities Initiates Coverage On Market Outperform Mar 2017 Stifel Nicolaus Initiates Coverage On Hold View More Analyst Ratings for SNAPView the Latest Analyst RatingsPosted-In: Analyst Color Long Ideas Initiation Analyst Ratings Movers Tech Media Trading Ideas© 2017 Benzinga.com.
Snapchat Versus InstagramBlackledge surveyed 2,500 consumers in the United States and 1,250 consumers in the U.K. to better understand their engagement with Snapchat’s Stories feature versus the similar feature on Instagram.
In the United States, 68 percent of Snapchat users viewed other stories versus 55 percent for Instagram while 49 percent posted to their Snapchat Story versus just 14 percent for Instagram.
Related Links:Snapchat Finally Gets A ‘Buy’ From The Sell SideIs Snap Wall Street’s Most Unloved Stock?

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