SNAP:NYS is under Algo Engine buy conditions following the entry signal at $48 in late March.
The stock price jumped a further 7.5% in Friday’s session, after the company reported accelerating revenue growth and strong user numbers during the first quarter.
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Q2 2021 Outlook
Revenue is estimated to be between $820 million and $840 million, compared to $454 million in Q2 2020.
Adjusted EBITDA is estimated to be between $(20) million and break-even, compared to $(96) million in Q2 2020.
