10 Best Internet Content and Information Stocks to Buy

8. Snap Inc. (NYSE:SNAP)

Number of Hedge Fund Holders: 52

Snap Inc. (NYSE:SNAP) is one of the best internet content and information stocks to buy.

Snap Inc. (NYSE:SNAP) has been in the AI and augmented reality space longer than almost any consumer tech company. It remains underappreciated among the social media platforms, considering its extensive user base of over 946 million monthly active users (MAUs), on its way to achieving 1 billion MAUs. Moreover, on top of the company’s core Snapchat+ subscription, the company’s revenue model is backed by paid versions of Lens+, Snapchat Platinum, and Memories Storage Plans.

Over the past month, SNAP shares have soared nearly 13%, indicating growing market conviction. Roth Capital named Snap a positive tactical trade idea following an activist investor letter highlighting how the stock can be an AI winner and see its price potentially increase sevenfold to $26. On April 1, Roth Capital maintained its $7 price target on SNAP and its Buy rating.

Roth believes that Snap has the team to execute on a profitable growth plan by 2027, expecting the company’s increasingly diversified revenue base to be a game-changer after years of vulnerability to a single revenue stream. The management response to the activist letter is perceived as a more catalyst-rich setup ahead.

The stock is trading around $5, and Roth sees a possible revival of the Perplexity partnership and a potential launch of AI glasses that could fuel the stock price in the near future.

Snap Inc. (NYSE:SNAP) is a technology company operating in North America, Europe, and internationally. The company offers Snapchat, which is a visual messaging application with various tabs, such as camera, visual messaging, snap map, stories, and spotlight.