Snap Inc. (SNAP) To Target Teen’s Social Life with Saturn Acquisition

Snap Inc. (NYSE:SNAP) is one of the 12 best augmented reality stocks to buy, according to analysts. On June 22, the company acquired the calendar-based social app Saturn. The acquisition is part of the company’s push to heighten its influence in teen’s social life.

Snap Inc. (SNAP) To Target Teen's Social Life with Saturn Acquisition

Saturn has developed a platform that allows users to share their schedules and arrange meet-ups. The social networking app is mostly focused on making it easier for students to stay on track with school commitments. Its target market is primarily teens, and it is currently available in around 17K American high schools.

The acquisition comes as Snap plans to launch its sixth-generation augmented reality glasses next year. Specs will be the new AR glasses breaking the company’s spectacles branding used in previous versions. It will leverage AR technology to let people see and interact with digital imagery.

Snap Inc. (NYSE:SNAP) has invested in augmented reality through its Snap AR platform. The platform offers tools and technologies that allow creators and businesses to build, share, and integrate AR experiences. The company provides Lens Studio to create AR effects for Snapchat and Spectacles. It also provides a Camera Kit that embeds AR features into other apps and websites.

While we acknowledge the potential of SNAP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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