AllAnalyst Report
logoMorningstarOctober 22, 2021

Snap Inc.: Snap Reports Mixed Q3 Results; Provides Disappointing Guidance; Lowering FVE to $70 From $74

Symbols
SNAP
Sector(s)
Communication Services
Rating
Current Price
$48.85
Fair Value
Economic Moat
Stewardship
Summary

Snap, which refers to itself as a camera company, has one of the most popular social networking apps, Snapchat, in developed regions such as North America and Europe. The firm has approximately 158 million daily active users. Snap generates nearly all of its revenue from advertising with 88% coming from the U.S. The firm is headquartered in Venice, California.

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Analyst Profile

Ali Mogharabi

Senior Equity Analyst
Ali Mogharabi is a senior equity analyst for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers Internet and software companies.Before joining Morningstar in 2016, Mogharabi was a senior equity analyst for Singular Research, where he covered the technology and biotechnology sectors. His previous experience also includes roles as a senior equity analyst for B. Riley & Co., associate analyst for Roth Capital Partners, sales consultant for Oracle, and business development consultant for Aerospike.Mogharabi holds a bachelor’s degree in economics from the University of California, San Diego; a master’s degree in business administration from University of California, Irvine; and a master’s degree in applied economics from the University of Michigan.