The Latest Breaking News from SNAP

Snap Inc (NYSE: SNAP) shares are trading lower by 5.46% to $13.33 as shares of several companies in the broader communications, media and entertainment industry dip amid overall market weakness. A rise in US inflation and economic concerns have pressured discretionary names.

Snap (NYSE:SNAP) has observed the following analyst ratings within the last quarter:

 

Jim Cramer is calling a bottom in three popular FAANG names that have been beaten down in 2022.

A whale with a lot of money to spend has taken a noticeably bearish stance on Snap. Looking at options history for Snap (NYSE:SNAP) we detected 20 strange trades.

Snap Inc (NYSE: SNAP) shares are trading lower Tuesday after Credit Suisse cut its price target on the social media stock.

Snap Inc (NYSE:SNAP) recently shared its reduced expectations of Q2 FY22 revenue and EBITDA amid the challenging macroeconomic environment. Credit Suisse analyst Stephen Ju maintained an Outperform rating on Snap as it cut the price target from $77 to $59 (278.7% upside). Ju called out Snap's 1) minimal exposure to travel as consumer dollars flow from…

Social media company Snap (SNAP) has reduced its growth forecast due to several macroeconomic headwinds and a global economic slowdown. These headwinds, coupled with increased regulations, will likely affect other companies in the digital ad space. Thus, we think the stocks of digital ad companies Meta Platforms (FB), Alphabet (GOOGL),…

Microsoft Corp (NASDAQ:MSFT) looks to slow hiring in its Windows, Office, and Teams chat and conferencing software groups, Bloomberg reports. Recently, Microsoft disclosed plans to double its budget for salary increases and boosting stock grants to retain key workers. Microsoft's slowdown was not companywide, and overall it will continue to hire with additional focus…