At $4.66 SNAP is close to all time lows which it bounced off of three months ago. So what’s changed in three months?

Should we expect the stock to revisit all time lows in the high $3’s or is it likely the stock will quickly bounce back to $5-$6? Well, let’s compare the state of the company now with three-four months ago when the stock traded in the $3-$4 range. February - April: all social media stocks got absolutely hammered when entering 2026. RDDT, PINS and SNAP were all roughly down 50 % year to date at some point in February-April. Fast forward to today and RDDT and PINS are now roughly down 25 % year to date while the same was true for SNAP until a few days ago when the unveiling of the Specs AR glasses caused to stock to crash 20 % in the span of a few days which means it’s now down over 40 % year to date. Interestingly, approximately ten different stock analysts updated their ratings and price targets for the stock following the glasses unveiling and not one of them was negative. They were all neutral and reiterated their predictions except for the Wells Fargo analyst which actually raised their price target. Now, analysts usually aren’t held in very high regard to be fair and a lot of the times it does seem like they just place their bets near where the stock price is. Still, it’s worth taking note analysts see roughly 30 % upside for PINS and RDDT, 40 % upside for META but a whopping 75 % upside for SNAP. Most analysts who have commented on the recent unveiling of the Specs glasses generally say everything went the way they expected it to. They care much more about the core business of the company. A few notable things to note when looking at now vs February-April for Snap Inc: On June 3 SP Global Ratings upgraded the company's issuer credit rating to BB- from B+. On March 31 activist investor Irenic disclosed a massive 2.5 % stake in the company and they shared a plan to 7x the company’s value. On April 15 Snap Inc cut 16 % of its workforce ie 1,000 jobs due to AI advancements. Snap’s Q1 earnings report was kinda mixed but it seems the company’s pivot to profitability is going well. What’s not going well is the continued decline in daily active users in North America. So, what do you think- is the stock going to be pinned in the $4 range or will it reach new historical all time lows at sub $4, or is it poised to bounce back over $5 again and maybe reach $6 short term? Just five days ago it traded for $6 and the Specs glasses unveiling caused it to crash to its current trading price of $4.66. Finally it’s worth noting that the stock jumped almost 10 % last week when the Iran peace deal was announced. Of course, with the Hormuz strait now closed (or is it?) it’s possible it will react negatively tomorrow when the market opens unless the bottom Is in.