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SNAP INC trending | Snap camera manufacturer | by rating to hold rating | dominate social media and snap

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Snap is well-known for the well-liked programme Snapchat, which enables users to interact through quick movies and pictures known as “Snaps.” Advertising is the company’s main source of income.

On April 27, the camera manufacturer presented its quarterly financial report. Results were better than predicted, with ($0.19) EPS and $988.61 million in revenue.

Benchmark downgraded Snap from a “buy” rating to a “hold” rating, while other analysts lowered their target price for the stock from $15 to a range of $7–$11, according to equity research experts.

Investors and market observers continue to debate Snap as they try to predict its future development and financial viability in the fiercely competitive social media market dominated by Facebook and Instagram.

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