2024-01-30 09:41:10 ET
Summary
- The positive trend in ARPU and potential for revenue growth are promising indicators of Snap's improved positioning in the adtech sector.
- Despite Snap's impressive turnaround efforts and strong stock performance, the current valuation gives me pause.
- I remain concerned about the forward EBITDA of 65x, highlighting the importance of assessing the margin of safety for potential investors in the coming months.
Investment Thesis
Snap ( SNAP ) is about to report its Q4 2023 results on Tuesday, 6 February . As you'll see in this analysis, Snap is amidst a substantial turnaround effort....
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Snap: Massive Turnaround