Headquartered in Santa Monica, CA Fiscal year ends December NYSE: SNAP snap.com
Snap Inc. is a technology company that operates Snapchat, a visual messaging application enabling close friends and family to communicate through photos, videos, and augmented reality experiences. With 971 million monthly active users and 493 million daily active users, Snapchat is one of the largest Internet communities globally. The company generates revenue through two primary streams: advertising revenue, which includes programmatic and direct-response ad products powered by AI-driven Smart Campaign Solutions, Dynamic Product Ads, and Sponsored Snaps; and direct revenue from consumer subscription products including Snapchat+, Memories Storage, and Lens+. Snap also operates Specs Inc., a subsidiary developing augmented reality glasses called SPECS, designed as see-through computing devices integrating AI capabilities. The company's platform includes Spotlight (a short-form video discovery surface), Snap Map, Bitmoji, and Saturn. Snap leverages AI extensively across its operations — from content recommendations and advertising optimization to internal engineering productivity tools and customer support automation. The company trades on NYSE under the ticker SNAP. Updated
An 8% intraday run adds roughly $700 million in market value in a single session. Moves this size are rare for a single-digit stock that has spent the year grinding sideways, so keep an eye on whether it holds into the close.
The optical names took the worst of it at the close, with Ciena down 10.49% and Lumentum and Applied Optoelectronics close behind. Shopify's gain led a much tamer move on the other side of the 382-stock board.
Clover Health closed up 9.45%, the single biggest move in the 111-name priority list today. Keep an eye on the stock.
Arista Networks closed up 6.2%, the best move in a 111-stock priority list where hardware names took the top four gainer slots. Snap fell 8% to $5.45, the day's steepest decline.
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Snap Inc. is a technology company that operates Snapchat, a visual messaging application enabling close friends and family to communicate through photos, videos, and augmented reality experiences.
24/7 Wall St.'s 12-month price target for SNAP is $8.33, rated Buy. The Wall Street consensus target is $7.44. SNAP price prediction →
