Forecast Of The Day: Snap’s Average Daily Active Users In North America
What?
Trefis expects Snap’s (NYSE:SNAP) average daily active users in North America to increase from around 90 million in 2020 to about 104 million in 2021 and to 106 million in 2022.
Why?
- Up 6% In The Last Trading Session, Where Is Snap Stock Headed?
- Beating S&P500 By 62% Since The Start Of 2023, How Will Snap Stock Trend After Q4 Results?
- Up 91% YTD, What’s Next For Snap Stock?
- Is Snap Stock Attractive At The Current Levels?
- What To Expect From Snap Stock?
- Snap Stock Is Fairly Valued
While people have increasingly been relying on the Internet and social media to connect with friends and family through Covid-19, Snap is also benefiting from ongoing performance and stability improvements of its apps, particularly its Android version.
So What?
User growth is the most closely tracked metric for young social media companies. Snap’s solid user numbers have helped its stock rally by almost 2.5x over the last 12 months and the gains could continue if the company continues to deliver.
See Our Complete Analysis For Snap
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