$Snap Inc(SNAP)$ at $10 buy seems reasonable

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1. $Snap Inc(SNAP)$ Retesting Level Before Earnings

See above, so far $Snap Inc(SNAP)$ is declining, perhaps a bounce off the 20 DMA (at $12.40), we would perhaps just wait for a clear confirmation.

2. Why Focus on $Snap Inc(SNAP)$

• $SNAP ranked among @xfinance's top 9 trending stocks, it ended the day looking like a bullish bet ahead of the July 25 earnings release. As just before market close, institutions bought $7.7m $14 call.

• Snap is set to report Q2 2023 results on Jul 25, with the Zacks Consensus Estimate for revenues at $1.05 billion, indicating a 5.72% decline from the year-ago quarter. The Zacks Consensus Estimate for Q223 global DAUs is 396 million, indicating 14.1% growth from the year-ago quarter. And for Snap's Q2 ARPU is $2.64, suggesting a 17.5% decrease from the year-ago quarter.

• Stifel Nicolaus lifted $Snap Inc(SNAP)$ 's target price from $8.00 to $13.00 in a research report sent to investors on Friday morning; UBS Group lifted their target price on $Snap to $14.00 and gave the company a neutral rating in a research note on last Wednesday. Credit Suisse Group lifted their target price on $Snap to $16.00 and gave the company an outperform rating in a research note on Monday, July 17th.

3. Cited Technical Analysis From Twitter

Mercados Americanos@Twitter, gives a weekly candlestick chart showing that a "W Pattern Breakout" needs to be confirmed, and gives a price target of $18.04.

Mercados Americanos@Twitter,

Bull Bets Academy @Twitter gave a supply breakout price at $15.73, and give 1 target price to $20.97. He shared some positive perspective that you may care:

Bull Bets Academy @Twitter

• The company has benefited from the growing use of Snapchat, especially among Generation Z, increasing the number of daily active users (DAUs) and expanding its advertiser base.

• Features such as custom story flow and custom notification sounds are expected to support Snapchat+ subscriber growth in the coming quarter.

• Snap has focused on adding innovative features such as Lens Studio 2.0, Camera Kit, Snap Minis and Bitmoji for games to make Snapchat more attractive to users and advertisers.

• A stable but slow ad spending environment could impact Snap's revenue numbers, as advertising is the main source of revenue for the company, which competes with Meta Platforms and Alphabet for advertising dollars.

• Snap has added artificial intelligence, My AI, to its chatbot, allowing it to create images in response to users' messages, which is expected to boost user growth.

• The company's tools AR, Discover content, Shows and Snap Originals content are likely to boost user engagement and drive growth.

• Meta's investments in AI and partnerships with major cloud providers, including Microsoft, are likely to benefit the ad business.

• Alphabet is exploring AI tools like Genesis to help journalists write news stories and compete for TV advertising dollars.

3. Question for Tigers

• Will you take the time to consider $SPDR DJIA ETF(DIA)$ for your portfolios and why?

• Was it bad to buy $SNAP below $10? Is it better to buy it at $12.68 before Earnings Release, a stock that often tanks on earnings.

  （All valid and top 10 most popular stocks are rewarded by Tiger Coins)