Cleveland Research told investors in a note that feedback in its checks was “mixed” on Snap (SNAP) advertising trends in Q4 as the firm heard incremental weakness in brand advertising was weighing on the business. Checks also pointed to outlooks that were “more cautious” on further expected share loss to Meta (META) and TikTok in 2025 as well as Reddit (RDDT) winning more test budgets, the firm said.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SNAP:
- StockTok: Meta to invest $10B in both Louisiana data center and subsea cable
- Australia bans kids under 16 from having social media accounts
- Snap price target raised to $13 from $11 at Citi
- StockTok: Meta to face FTC monopoly trial in April
- Snap Inc. call volume above normal and directionally bullish