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2023-04-12

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Snap Shares - Wall Street Analyst Highlights a Potential Catalyst Next Week

Snap shares could have a modest near-term catalyst next week, according to Benchmark analysts.The an

Snap Shares - Wall Street Analyst Highlights a Potential Catalyst Next Week

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they wrote.</p><p style=\"text-align: left;\">As a result, the analysts, who have a Hold rating on the stock, said the firm suspect SNAP&#39;s Partner Summit next week, April 19, will &#34;showcase a much more robust DR stack which could be a modest near-term catalyst for the shares.&#34;</p><p style=\"text-align: left;\">Despite the potential positive, Benchmarks&#39;s &#34;data checks indicate DTC ad spending on social broadly went negative y/y shortly after the SVB crash and has yet to recover to the plus side y/y.&#34;</p><p style=\"text-align: left;\">&#34;While we continue to monitor this dynamic, we remain sidelined with a Hold rating as advertiser sentiment remains calm before the storm and SNAP&#39;s distant GAAP profitability leaves limited tangible support,&#34; they concluded.</p></body></html>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Snap Shares - Wall Street Analyst Highlights a Potential Catalyst Next Week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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