FMP
Sep 20, 2024 8:32 AM - Davit Kirakosyan
Image credit: FMP
B.Riley analysts initiated coverage on Snap Inc. (NYSE:SNAP) with a Neutral rating and a price target of $11 on the stock. The analysts highlighted Snap’s large audience base, which positions the company to grow its advertising and subscription revenues while boosting profitability.
The analysts expect direct-response ads to drive near-term growth, while brand advertising on the platform may lag behind. Although improvements in North American user engagement and ad platform enhancements could provide upside potential, the analysts cautioned that the timing and extent of these gains are uncertain.
With Snap currently trading at a premium valuation of approximately 20.1x its 2025 estimated EV/adjusted EBITDA, B. Riley views the stock as fully valued and opts to maintain a neutral stance.
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...
May 16, 2024 8:06 PM - Gordon Thompson
On Thursday, May 16, 2024, Deutsche Bank upgraded its rating on NASDAQ:ASTS to Buy, maintaining a hold position. At the time of the announcement, ASTS was trading at $4.03. This decision was accompanied by an increase in the price target for AST SpaceMobile, raised to $22 from $19, as detailed in a ...
May 24, 2024 9:30 AM - Rajnish Katharotiya
Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...