Guggenheim Confident of Snap Inc. (SNAP) Reaching 1B Monthly Active Users

Group 1 - Snap Inc. is considered one of the best beaten down stocks to invest in, with Guggenheim reiterating a Neutral rating and an $8 price target [1] - Guggenheim's analysis indicates soft growth in November, impacted by an international slowdown, with global downloads down in 2025 due to persistent domestic usage declines [2] - The company is expected to have 474 million daily active users in Q4, a decline of three million users, aligning with management forecasts amid challenges like age verification requirements [3] Group 2 - Despite the challenges, Guggenheim is optimistic that Snap will reach 1 billion global monthly active users by the end of next year, supported by a 10% year-over-year revenue increase to $1.51 billion in Q3 [3] - Jefferies has reiterated a Buy rating with a $10 price target, while RBC Capital maintains a Hold rating with the same price target [4] - Snap Inc. generates revenue primarily from business ads through its Snapchat app, which focuses on visual communication features [4]