Guggenheim Confident of Snap Inc. (SNAP) Reaching 1B Monthly Active Users

Snap Inc. (NYSE:SNAP) is one of the champion beaten down stocks to put successful according to analysts. On December 2, analysts astatine Guggenheim reiterated a Neutral standing and $8 terms people connected Snap Inc. (NYSE:SNAP).

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The Neutral stance follows an investigation of the company’s Ads Manager assemblage scope and Apptopia download information that showed brushed maturation successful November, wounded by the planetary slowdown. Global downloads tracked by Apptopia are besides down successful 2025 arsenic home usage declines persist crossed information sources.

Meanwhile, Guggenheim expects Snap to present 474 cardinal fourth-quarter regular progressive users, a three-million-user decline. It volition align with absorption forecasts arsenic the institution faces headwinds, including the request for property verification connected the platform. Nevertheless, the probe steadfast is optimistic that Snap volition scope 1 cardinal planetary monthly progressive users by the extremity of adjacent year. The institution delivered a 10% year-over-year summation successful gross successful the 3rd 4th to $1.51 billion. It has besides inked a strategical concern with Perplexity, expected to bring successful 400 million.

Meanwhile, connected December 11, Jefferies reiterated its Buy standing and $10 terms target. RBC Capital expert Brad Erickson, connected the different hand, reiterated a Hold standing connected the banal connected December 18 and maintained a $10 terms target.

Snap Inc. (NYSE:SNAP) is simply a societal media and camera institution champion known for its Snapchat app, which focuses connected ocular connection done disappearing messages, AR Lenses, Stories, Spotlight (short videos), and Snap Map, and generates gross chiefly from concern ads.

While we admit the imaginable of SNAP arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.