Why Snap May Surprise Investors This Week

By Travis Hoium – Apr 25, 2023 at 11:30AM

NYSE: SNAP

Snap

Market Cap

$24B

Today's Change

(27.63%) $3.15

Current Price

$14.55

Price as of April 26, 2024, 4:00 p.m. ET

A big new product is doing better than expected.

Snap (SNAP 27.63%) announces earnings this week, and the company continues to face pressure to lower costs and improve revenue. But a new product called Snapchat+ is performing better than expected and could drive the company's revenue growth as soon as this quarter. Travis Hoium highlights what there is to be hopeful for in the video below.

*Stock prices used were end-of-day prices of April 22, 2023. The video was published on April 24, 2023.

Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Apple and Snap. The Motley Fool has positions in and recommends Apple and Meta Platforms. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.