Buy snap stock8/6/2023 Indeed, many large marketers likely lowered their ad spending last quarter amid the regional crisis and recession fears.īut in recent days, we learned that many large investors bought bank stocks in the first quarter. Responding to Snap’s first-quarter results, Truist wrote that Snap had been hurt by its relatively high dependency on large advertisers. Ad Spending by Large Companies Will Rebound Snap’s huge user growth bodes well for its ability to grow its ad revenue over the medium and long term. Over the longer term, marketers decide where to spend their ad dollars based on the number of users that platforms attract.įor example, as podcasts have attracted more listeners, the amount of money spent by advertisers on the medium has surged. In the first quarter, Snap’s daily active user growth jumped a very impressive 15% year over year to 383 million. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Snap’s User Growth Is Strong Here are four reasons why I believe that buying SNAP on weakness now will turn out to be a great decision for long-term investors. ![]() ![]() But I believe that SNAP has what it takes to make a fantastic, huge comeback. Shares have sunk 12% over the past month and many on Wall Street have largely given up on the name.
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