Snap is set to report on its latest quarter after the close today (Thursday, April 21)…
The company’s stock was described as “uniquely investible” by Rosenblatt analyst Barton Crockett based on its resilient user growth.
And, LikeFolio data agrees with that sentiment.
The stock is down around 44.5% YoY and has declined more than 50% since Apple’s privacy updates.
Even so, the company is coming off strong results in its last report, and we see another surprise to the upside.
Consumer Purchase Intent closed at +12% QoQ in the last quarter, while Consumer Happiness has also lifted recently, trending at +1% QoQ and +3% YoY.
Snap shares have made significant moves following recent earnings and we expect a similarly large move after today’s release.