Thursday, May 3, 2018
Snap: $7 Target Turns Optimistic
Snap reported disastrous Q1 results.
The company faces DAUs turning negative in Q2.
Snap continues to produce larger free cash flow loses.
A previous $7 price target is now far too optimistic.
All of the indications pointed toward
) disappointing the market with quarterly results. The social messaging stock did not disappoint with a
disastrous Q1 report
that places our
previous $7 price target
as now highly optimistic.
on Seeking Alpha.
Disclosure: No position mentioned. Please review the disclaimer page for more details.
Share to Twitter
Share to Facebook
Share to Pinterest
Post a Comment
Post Comments (Atom)