Snap: Maximum Bullish On All-Round Strong Growth And AI Monetization
Summary
- Snap reports strong all-round growth from direct response, brand advertising and subscriptions, with further tailwinds ahead.
- Snap still trades at a massive discount in price to sales multiple to Pinterest, Reddit and Meta Platforms, and its app appeal to younger audiences is often not understood.
- Snap is demonstrating accelerated AI monetization in Snapchat+ and has one of the largest used chatbots in MyAI.
- Further strategic partnerships with tech peers expected in the nearer term.
- 50% upside price target to fair value.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of SNAP, PINS, META 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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