In a recent Marketwatch article titled “Snap Roars 30% Higher to Record $50 Billion Valuation, Brings Twitter and Facebook Along for the Ride,” the writer talk about the surge in Snapchat (NYSE: SNAP) that send its valuation to record levels.
The surge was due primarily to the online-advertising sales. This market surge also brought Facebook (NASDAQ: FB) and Twitter (NASDAQ: TWTR) along for the ride. Pintrest (NYSE: PINS) and Google (NASDAQ: GOOG) were up on the day as well.
After the new earnings report was out some analysts have raised Snapchats target price to $43 per share up from $25 per share.
The write goes on to say that it seems that Snapchat has made it to the other side of the pandemic earlier than thought.
With the current upgrades, 26 out of 39 analysts consider Snapchat the equivalent of a buy, with 11 calling it a hold, and only two suggesting sell.
Here is one company in that space that could also do well…..
(OTC PINK: SNWR)
Independent musicians total 12 million, and make up the fastest growing sector in the music industry. Without the backing of a record label, they often struggle to promote and get their music distributed to the public.
Sanwire Corporation, (OTC Pink: SNWR) through its wholly owned subsidiary, Intercept Music (www.interceptmusic.com), provides independent musicians a platform to distribute and promote their music utilizing a software as a service (SAAS) model. Intercept has a product line that engages artists early in their career, and then stays with them as they grow.
For only $5.95 per month, 12 million independent artists can now distribute for both streaming and downloads, to hundreds of digital retailers worldwide, including Apple Inc.’s (NASDAQ: AAPL) iTunes and Apple Music, Spotify (NYSE: SPOT), Amazon Music (NASDAQ: AMZN), Pandora (NASDAQ: SIRI), and Google Music (NASDAQ: GOOG).
This is done in conjunction with Universal Music Group’s (NASDAQ: UMGP) wholly owned subsidiary, Ingrooves.
To augment the music distribution network, Intercept’s online platform allows musicians, for $49.95 per month to launch and execute promotion campaigns to maximize reach and audience growth through all of the major social media outlets including; Facebook (NASDAQ: FB), Instagram, Twitter (NASDAQ: TWTR), Tik Tok, and Google’s (NASDAQ: GOOG) YouTube.
Intercept’s online platform was designed as a DIY service with everything an artist would need on a single platform. However, musicians may elect to use, if invited by the company, the Intercept PLUS label services program once they have at least 10,000 fans and meet other minimums. For this Intercept is generating fees in the form of a percentage of sales.
SNWR’s revenues are generated from multiple sources including subscription fees, revenue/profit sharing fees from merchandise, music distribution, and advertising, playlist curation, and targeted marketing campaigns.The company just announced that they expanded their physical distribution network to include Amazon International (NASDAQ: AMZN), Target.com (NYSE: TGT), Walmart (NYSE: WMT) BarnesAndNoble.com (NYSE: BKS), and Tower Japan.
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