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I turned bullish on Snap (NYSE:SNAP) almost 3 years ago, after its 90% drop from its all-time highs. I made it as part of my speculative investment in my barbell portfolio and viewed it as a long-term
SNAP: Underestimated For Its Future Potential
Summary
- I first bought into Snap 3 years ago, and now I am doubling down on my original investment.
- The market's myopia is providing me an opportunity to reaffirm my thesis. Its growth remains on track, and the company continues to innovate.
- Its subscription service is firing on all cylinders, Spotlight is improving adoption, and Snap Map is a key differentiator, making the whole product highly sticky with its consumers.
- Its Augmented Reality foray is the trump card, and the company has adopted a "build it, they will come" approach and has been successful so far.
- 2026 remains a key year with the launch of Specs, and the stock is severely mispriced.
Shri Upadhyaya's deep-seated passion for investing has seen a journey of over 15 years. A self-taught investor Shri intends to have skin in the game with most of his Buy and Sell recommendations. With a long stint in the algorithmic programming platform, Quantopian, Shri realized that most conventional trading approaches do not work overtime. Investing edge is personal, and needs to be developed through deep research and independent thought. Writing in Seeking Alpha provides Shri with clarity of thought and feedback from the community which is invaluable. By following Shri, you can expect the following types of analyses 1. Opportunities that exhibit asymmetry 2. Opportunities where cost-effective hedges are present that can protect your portfolio 3. Low correlation stocks that not only provide portfolio diversification but also offer significant growth 4. Staying away from names that do not have an attractive risk-reward profile
Analyst’s Disclosure:I/we have a beneficial long position in the shares of SNAP 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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