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Snap Might Finally Have a Winner in Spectacles

Snap Spectacles are finally a compelling product, but will it matter for Snap?

By Travis Hoium – Sep 25, 2024 at 7:00AM EST

Snap (SNAP 5.43%) has struggled to turn compelling products into financial success for years, but the new version of Spectacles could change that. The company is able to build both hardware and software that others can't and is making an operating system developers can easily plug into. In this video, Travis Hoium explains why this has made him intrigued by Snap's stock for the first time in a long time.

*Stock prices used were end-of-day prices of Sept. 19, 2024. The video was published on Sept. 24, 2024.

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About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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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, Snap, and Unity Software. The Motley Fool has positions in and recommends Apple, Meta Platforms, Microsoft, and Unity Software. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. 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.

Stocks Mentioned

Snap Stock Quote
Snap
NYSE: SNAP
$5.75
(-5.43%)-$0.33
Stock Advisor

Motley Fool Stock Advisor’s Latest Pick

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---% Avg Return
Meta Platforms Stock Quote
Meta Platforms
NASDAQ: META
$598.72
(-1.79%)-$10.91
Microsoft Stock Quote
Microsoft
NASDAQ: MSFT
$412.31
(-0.68%)-$2.81
Apple Stock Quote
Apple
NASDAQ: AAPL
$292.54
(-0.17%)-$0.51
Unity Software Stock Quote
Unity Software
NYSE: U
$26.84
(-4.71%)-$1.33

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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