#Snap stock price how to#

Scott Kessler, Global Sector Lead for Technology Media and Telecommunications at Third Bridge, said that not providing guidance was also of significance, as it makes sense for Snap to be overly conservative, especially given investor sentiment around the company. The company also said that it won’t provide financial guidance for the third quarter, as “forward-looking visibility remains incredibly challenging, and it is unclear how the headwinds we observed in Q2 will evolve as we move through Q3,” according to the shareholders’ letter. “While the growth trajectory for ad spend across the social media space has come to a halt, we believe SNAP remains better positioned than most to monetize the platform long term given healthy user engagement levels, an attractive installed base/young audience, and efforts in AR,” Zino wrote. The stock is down 64.9% year-to-date.įollowing the earnings release, CFRA Research said it maintained a Hold opinion on the stock and reduced the 12-month price target on the shares to $15 from $18.Īngelo Zino, senior equity analyst at CFRA Research, wrote in a note sent to GOBankingRates that “we are growing more concerned about business prospects given macro issues and rising competitive pressures, which is hurting advertiser budgets and creating lower bids per action.” Snap shares closed up 5% on July 21, but tumbled more than 26% in after-hours trading on the results, according to The Wall Street Journal. “We are evolving our business and strategy to reaccelerate revenue growth, including innovating on our products, investing heavily in our direct response advertising business, and cultivating new sources of revenue to help diversify our topline growth.” “While the continued growth of our community increases the long-term opportunity for our business, our financial results for Q2 do not reflect our ambition,” Evan Spiegel, Snap CEO, said in the earnings release. Looking To Diversify in a Bear Market? Consider These 6 Alternative Investments

#Snap stock price how to#

Learn: How To Invest Like a Millionaire During a Bear Market However, with the right level of metaverse exposure, investors are likely to benefit significantly from the space’s winners over time.Snap shares were down 38.89% on July 22, following disappointing second-quarter earnings – a quarter which “proved more challenging than we expected,” according to a July 21 letter to investors. With this in mind, no metaverse stock is certain for long-term growth. The space is still very much in its formative stages and things can change quickly. Tips for investorsįor investors, it’s essential to continually research the metaverse companies that they are thinking to add to their portfolios. Microsoft has a rich history for innovation, and it seems certain that the company will be front and center of metaverse developments, if its recent market movements are anything to go by. Microsoft is also actively working to utilize its HoloLens as a means of creating mixed reality spaces for Teams. In this acquisition, we can see a clear play by Microsoft to emerge as a leader in metaverse-based games. The company has made no secret of the fact that it views gaming as an intrinsic part of the development of the metaverse. The $70 billion deal provides access to Activision’s gaming titles like the wildly popular ‘Call of Duty.’ Furthermore, Microsoft will be capable of marketing to Activision’s seismic 390 million monthly users. In early 2022, Microsoft announced the acquisition of Activision Blizzard, a leading gaming firm. Whilst this may mean that there are fewer opportunities to pick up discounted stock, this blue-chip company has proven time and again that it can keep up with new innovations. MSFT stock is performing exceptionally well, despite widespread tech sell-offs in comparison to some of its counterparts on this list. Metaverse stocks #5: Microsoft (NASDAQ: MSFT) Accompanying Snap’s famous Lenses tool will soon be a fully-fledged pair of AR glasses which may become a precursor to metaverse compatible eyewear. They could form an intricate bond with the metaverse as the technology leans further on the development of augmented reality.ĭespite 2022 being a tough time for Snap’s stock market fortunes, 250 million of its users used the platform’s AR tools during Q1 2022. In fact, SNAP’s AR investments are generating healthy levels of growth within the platform. But the company has been making waves in the field of augmented reality throughout recent years. The artist formerly known as Snapchat may be acknowledged as a social media giant in its own right. Sponsored Metaverse stocks #4: Snap (NYSE: SNAP)