New Street Research - Snapchat (SNAP) Snap Initiation: (Buy, $12 target): The Ghost Walks

Report

New Street Research

Dan Salmon

EUR 8533.00 For Business Accounts Only

Snap Initiation: (Buy, $12 target): The Ghost Walks

We estimate 2023 total revenue growth will rebound to 10.9% (vs consensus of 8.5%) and accelerate further to 20.4% in 2024 (vs consensus of 18.4%) boosted by growth on
SNAP’s emerging surfaces, and improvements to ad tech and auction dynamics.

03/01/2023 1 EN

Underlying

Snapchat

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United States

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New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

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Pan European Telecom Services and Cable

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Analysts

Dan Salmon

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Snap Initiation: (Buy, $12 target): The Ghost Walks

TikTok Troubles: How Far will They Go?

NSR Policy: Weekend Update on Tech and Social Media Policy

Internet Policy: Previewing State Tech Policy in 2024 (META, GOOG, AMZN, MSFT, SNAP, MTCH, PINS)

Microsoft vs. OpenAI: Implications for investors?

SATS, Carr, and the Art of the No Deal…Yet

Supreme Court Upholds USF Framework but Reform Still Ahead

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