The user number reported by the Verge on Friday, citing an internal memo from CEO Evan Speigel to employees, exceeded Visible Alpha estimate of 447 million.
Snap also expects advertising revenue to grow more than 20% in 2024 as part of its"stretch goals", the report said, putting it above Wall Street estimates of 14% growth.Bernstein analyst Mark Schilsky told Reuters that expectations from the stock are"incredibly low", but he added,"even I have to admit that the stock would likely be materially higher if they hit this goal.
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