Snap Inc.: The Winning Streak Continues

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

Snap Inc. SNAP traded at a new 52-week high today of $80.93. This new high was reached on below-average trading volume as 9.1 million shares traded hands, while the average 30-day volume is approximately 13.2 million shares.

Over the past year, Snap Inc. has traded in a range of $24.02 to $80.93 and is now at $80.89, 237% above that low.

Snap, which refers to itself as a camera company, has one of the most popular social networking apps, Snapchat, in developed regions such as North America and Europe. The firm has approximately 158 million daily active users. Snap generates nearly all of its revenue from advertising with 88% coming from the U.S. The firm is headquartered in Venice, California.

Snap Inc. has a potential upside of 26.3% based on a current price of $80.89 and analysts’ consensus price target of $102.18.

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The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.