The company offers Snapchat, a camera application with various functionalities, such as Camera, Communication, Snap Map, Stories and Spotlight that enable people to communicate visually through short videos and images.
Snap also provides Spectacles, an eyewear product that connects with Snapchat and captures photos and video from a human perspective. Its advertising products include AR ads and Snap ads, comprised of a single image or video ads, story ads, collection ads, dynamic ads and commercials.
Earnings for the quarter increased, but revenues fell short. However, the results did reflect steady user growth. The concerns over Tik-Tok seem to have crept into the conversation for Snap, and many feel that is not warranted.
Credit Suisse has set its target price at $11. Snap stock has an $8.40 consensus target, and shares traded at $8.05 on Friday.
SoFi Technologies
This company took the SPAC route for its IPO and remains a millennial trader favorite. SoFi Technologies Inc. (NASDAQ: SOFI) provides digital financial services that allow its members to borrow, save, spend, invest and protect their money. The company offers student loans; personal loans for debt consolidation and home improvement projects; and home loans.
SoFi also provides cash management, investment and other related services. In addition, it operates Galileo, a technology platform that offers services to financial and non-financial institutions, and Apex, a technology-enabled platform that provides investment custody and clearing brokerage services.
Oppenheimer recently reiterated its Outperform rating on SoFi Technologies stock. Its $7.50 price target is the same as the consensus target. The shares traded on Friday at $5.05.
These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. While not suited for all investors, they are not penny stocks with absolutely no track record or liquidity, and major Wall Street firms have research coverage.
Originally published at 24/7 Wall St.
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