• SNAP

Snap beats revenue and user growth estimates, announces $500 million buyback

Snap exceeded revenue and user growth expectations, initiated a $500 million share repurchase, and reported strong quarterly earnings amid evolving advertising strategies.

• DECK
• DENN
• JD
• SNAP
• VZ

Street calls of the week

• SNAP

JMP upgrades Snap stock to Buy ahead of app redesign, stock up

Snap shares rose 2% as JMP Securities upgraded the stock, citing growth potential from Snapchat's redesign and new advertising features, while also acknowledging several risks.

• GOOGL
• PINS
• RDDT
• SNAP

Reddit stock rises as Jefferies starts coverage at Buy

Jefferies initiates a Buy rating on Reddit Inc, forecasting significant growth in revenue and EBITDA, driven by user gains and AI enhancements, with a price target of $90.

• SNAP

Snap sued by New Mexico over failure to protect children from sexual exploitation