Latest news with #SaturnApp
Yahoo
4 days ago
- Business
- Yahoo
Snap (SNAP) Surges 7.13% on Bullish Analyst Rating
Snap Inc. (NYSE:SNAP) is one of the . Snap Inc. rallied for a second straight day on Friday, jumping 7.13 percent to close at $8.72 apiece following an investment firm's more bullish rating for the company. In a market note on Friday, Edgewater Research said that other market analysts' consensus forecast for Snap Inc.'s (NYSE:SNAP) second quarter earnings might be 'overly conservative,' suggesting huge potential for an earnings beat. A young adult family using a Camera to record moments of their daily life. Analyst consensus for Snap Inc.'s (NYSE:SNAP) earnings for the second quarter was pegged at $0.01 per share, markedly down from the $0.08 booked in the first quarter of the year. For its part, Edgewater Research said it sees momentum for the social media app's direct response advertising business. In recent news, Snap Inc. (NYSE:SNAP) acquired calendar app Saturn as part of its plans to heighten its influence among young adults. Saturn is primarily focused on making it easier for students to keep track of school commitments, allowing calendar sharing, chatting, and joining in-app events. While we acknowledge the potential of SNAP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. 登入存取你的投資組合
Yahoo
6 days ago
- Business
- Yahoo
Snap Inc. (SNAP) To Target Teen's Social Life with Saturn Acquisition
Snap Inc. (NYSE:SNAP) is one of the 12 best augmented reality stocks to buy, according to analysts. On June 22, the company acquired the calendar-based social app Saturn. The acquisition is part of the company's push to heighten its influence in teen's social life. Saturn has developed a platform that allows users to share their schedules and arrange meet-ups. The social networking app is mostly focused on making it easier for students to stay on track with school commitments. Its target market is primarily teens, and it is currently available in around 17K American high schools. The acquisition comes as Snap plans to launch its sixth-generation augmented reality glasses next year. Specs will be the new AR glasses breaking the company's spectacles branding used in previous versions. It will leverage AR technology to let people see and interact with digital imagery. Snap Inc. (NYSE:SNAP) has invested in augmented reality through its Snap AR platform. The platform offers tools and technologies that allow creators and businesses to build, share, and integrate AR experiences. The company provides Lens Studio to create AR effects for Snapchat and Spectacles. It also provides a Camera Kit that embeds AR features into other apps and websites. While we acknowledge the potential of SNAP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 11 Best Performing Warren Buffett Stocks in 2025 and 12 Best Cryptocurrency and Blockchain Stocks to Buy. Disclosure: None.
