It's hard to say where Snap will go from here after its third-quarter results, according to Bernstein. Analyst Mark Shmulik downgraded the social media stock to market perform from outperform, after Snap reported a disappointing third-quarter revenue results and softening user engagement numbers. The analyst also lowered his price target and estimates on Snap.
The social media company reported third-quarter revenue grew 6% from the prior year, which is the first time Snap reported single-digit growth since its IPO in 2017. "SNAP's untapped potential remains, yet we're unlikely to see near-term inflection. Winning back investor and our own confidence will take time," Shmulik added.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر: