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Snap Stock Forecast: What To Watch For Going Into 2022

Jan. 05, 2022 10:00 AM ETSnap Inc. (SNAP)5 Comments


  • Snapchat is still over 40% lower than recent highs.
  • The company reported solid growth in the latest quarter but guided for material deceleration as it works through the latest iOS changes.
  • Snapchat is generating cash flow and has over $3 billion in cash on its balance sheet.
  • I rate the stock a buy with 50% upside over the next 12 months.
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Snapchat (NYSE:SNAP) has seen its stock hit first by a poor earnings report, and second by the broad tech sector correction. The stock was trading at rich valuations in light of the new outlook, but now the

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This article was written by

Julian Lin profile picture

Julian Lin is a financial analyst. He finds undervalued companies with secular growth that appreciate over time. His approach is to look for companies with strong balance sheets and management teams in sectors with long growth runways.

Julian is the leader of the investing group Best Of Breed Growth Stocks where he only shares positions in stocks which have a large probability of delivering large alpha relative to the S&P 500. He also combines growth-oriented principles with strict valuation hurdles to add an additional layer to the conventional margin of safety. Features include: exclusive access to Julian's highest conviction picks, full stock research reports, real-time trade alerts, macro market analysis, individual industry reports, a filtered watchlist, and community chat with access to Julian 24/7. Learn more.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of FB either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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Comments (5)

We don't need Julian Lin's analysis to know this stock is being walked-down because last summer's increase was too fast for Wall St to jump into. rest assured that Wall St is piling-in while they tell you this stock is bad. The old game continues. Buy more if you can. You will be rewarded handsomely.
Folger profile picture
Most-downloaded applications in the U.S. in 2021: (SNAP #3)

1. ByteDance's TikTok: 94 million
2. Instagram: 64 million
3. Snapchat: 56 million
4. Cash App: 56 million
5. Zoom: 52 million
6. Meta's Messenger: 51 million
7. Meta's Facebook: 47.3 million
8. Meta's WhatsApp: 47.2 million
9. Alphabet's YouTube: 47 million
10. AT&T's HBO Max: 45 million
Julian Lin profile picture
@Folger Thanks for sharing
SNAP has lagged FB in catching up with iOS changes, but it will catch up and probably beat estimates sometime in the next couple of quarters. SNAP also noted that supply-chain issues put a damper on ad budgets (why book orders that you cannot fulfill?) and I believe this situation should improve in 2022. The underwhelming quarter seems like typical growing pains and cyclicality.
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