Snap's daily active users increased by 10% to 422 million, with over $1 billion revenue in Q1, driving bullish analysts to raise price outlooks.
Despite being a money-losing company with shrinking losses, Snap's stock price remains below the late 2021 high, leading to skepticism among some analysts about its sustainability.
Analysts like Jefferies' James Heaney see Snap's good fortunes continuing in Q2, while others, like JPMorgan's Doug Anmuth, predict a slowdown and maintain a sell rating.
Bank of America analysts remain skeptical, giving a neutral rating due to Snapchat's struggles in monetizing the platform and relatively stagnant user growth.
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