Wells Fargo Slashes Snap Price Target

The transcript discusses Snap's market position, highlighting strong engagement despite macroeconomic challenges. It analyzes Snap's stock price, suggesting that the risk is not to the downside at a target of 27. The impact of the macro environment on social media stocks is considered, with a focus on bottom-of-funnel advertising. The discussion concludes with an investment recommendation to buy Snap at 13.

What are the potential risks and opportunities for social media stocks in the current macroeconomic environment?

In what ways might companies with bottom-of-funnel advertising models be insulated during a recession?