From Nasdaq, Inc.:

Summary 1:
Snap’s stock (NYSE: SNAP) has gained approximately 91% YTD compared to the 25% rise in the S&P500 index over the same period. However, at its current price of almost $17, it is trading 53% above its fair value of a little over $11 per Trefis’ estimate for Snap’s valuation.

Summary 2:
Snap exceeded street estimates in Q3 by reporting revenues of $1.19 billion, an increase of 5% y-o-y. This was mainly due to a 12% y-o-y increase in average daily active users to 406 million users. However, the net loss in the quarter was $368.3 million.

Summary 3:
The top-line revenue saw a 2% y-o-y decrease in the first nine months of FY 2023 to $3.24 billion. There are expectations that the trend for this quarter will remain similar. Additionally, the revenue per share (RPS) is forecasted to be $2.84, with a P/S multiple of 3.9x leading to a valuation of just above $11.



Read more: Up 91% YTD, What’s Next For Snap Stock?