“Monthly users are still growing even though Snapchat reported a decline in daily users in Q2,” eMarketer senior forecast analyst Chris Bendtsen was quoted as saying. Snapchat has long prided itself on its reach among teenagers and other users under 34. Snap’s stock price hit an all-time low as a public company this week, closing last Friday under $10 per share — more than 60 percent below the company’s first day of trading 18 months ago.

Here's what investors need to know before they buy SNAP stock. The sharp drop in stock price was a result of the poor quarterly earnings report. Snapchat's parent company Snap has finally filed for its long awaited IPO. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). Snap stock soared after reporting first-quarter results that smashed Wall Streets estimates at a time of growing concern over the Covid-19 pandemic. “Between 2019 and 2023, we forecast that Snapchat will only add 600,000 new US users.” Hollywood and Tech World's Highest Paid Executives: Who Made Bank, Who Sank in 2019 ... Trump Embraces Snapchat as …

Why Snap Stock Fell Today The Motley Fool 5/13/2020. MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. Snapchat stock dropped 21.4% the next day, closing at $18.05. “Snapchat user growth will plateau in 2020,” eMarketer projected.

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