Snap (SNAP) shares are on track to continue losses for seven straight sessions, as the stock fell 1.6% at $7.78 in afternoon trading on Thursday.
The Snapchat-owner lost over 8% in the preceding six sessions. Overall, the stock lost over 28% last year, compared to the 15% rise in the broader S&P 500 Index.
Santa Monica, California-based Snap is up over 5% over the past one month. The stock closed 1% lower on Thursday at $7.78.
Looking at Seeking Alpha’s Quant Rating, SNAP has a Buy rating with a score of 4.11 out of 5. The company received an A in the prospect of growth, while it got a D in the valuation factor.
Turning to the Wall Street community, seven analysts gave SNAP a Buy and above, 33 analysts have given the stock a Hold recommendation, and four recommended Sell or lower.
Seeking Alpha analysts also see the stock as a Hold.
A recent Seeking Alpha analysis on SNAP said valuation and margins are in line with industry peers, limiting upside unless SNAP unlocks a new revenue growth cycle.
Earlier in November, the company exceeded expectations for top-and-bottom line numbers and most key metrics in the third quarter. However, its new $400M partnership with Perplexity to integrate an AI search chatbot into Snapchat impressed investors.
“SNAP’s partnership with Perplexity, set to deliver $400 million in 2026, could catalyze margin expansion and accelerate top-line growth,” said Seeking Alpha analyst Julian Lin.