Snap Inc (NYSE:SNAP) shares are trading higher by 3.64% to $16.08 during Thursday’s trading session in anticipation of Thursday’s second-quarter earnings report.
According to analyst consensus estimates, Snap is expected to report revenue of $1.14 billion on an EPS loss of 1 cent.
Deutsche Bank maintained a Buy rating on the stock but cut its price target from $30 to $25 ahead of the report.
What Else?
While stocks have been under heavy pressure this year amid recession fears, this week’s earnings reports from Goldman Sachs (NYSE:GS) and Netflix (NASDAQ:NFLX) have helped provide some positive market sentiment going into the earnings season.
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According to data from Benzinga Pro, Snap has a 52-week high of $83.34 and a 52-week low of $11.88.
