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NYSE:SNAP

Snap (SNAP) Stock Forecast, Price & News

$8.56
+0.07 (+0.82%)
(As of 09/28/2023 ET)
Compare
Today's Range
$8.34
▼
$8.66
50-Day Range
$8.34
▼
$12.93
52-Week Range
$7.33
▼
$13.89
Volume
16.71 million shs
Average Volume
28.23 million shs
Market Capitalization
$13.90 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$10.32
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media

Snap MarketRank™ Forecast

Analyst Rating
Reduce
1.97 Rating Score
Upside/​Downside
20.5% Upside
$10.32 Price Target
Short Interest
Healthy
7.65% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.22mentions of Snap in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$15.80 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.81) to ($0.65) Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.16 out of 5 stars

Computer And Technology Sector

356th out of 601 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

28th out of 59 stocks

See Top Rated MarketRank™ Stocks Here

SNAP stock logo

About Snap (NYSE:SNAP) Stock

Snap Inc. is a social media company operating globally. The company was founded in September 2011 by Evan Spiegel and Bobby Murphy. Originally known as Snapchat, the company changed its name to Snap in order to represent its offerings better as it grew over the years. The company’s headquarters are in Santa Monica, California and it is a very tightly held company. The original founders, Evan Speigel and Bobby Murphy own a combined 45% of non-dilutable shares with ownership transferable to the other upon death. The two remain active in the company today serving on the board and acting as CEO (Speigel) and CTO (Murphy).

The company was formerly known as Snapchat, Inc. and changed its name to Snap Inc. in September 2016. Snap Inc. was founded in 2010 and is headquartered in Santa Monica, California. Over the years it has been courted by most of the big tech companies including Facebook and Google but has always opted to remain a standalone company. The business went public in 2017 and raised $30 billion on its opening day which is about 10 times the expected amount.

Today, Snap operates as a camera company internationally. The company’s main revenue streams are Snapchat, a mobile app for cameras and communications, and Spectacles, a wearable augmented reality device. Snapchat is a camera app that allows users to take pictures and tell stories, the platform also permits ad sales which is an integral part of the revenue and earnings. The company’s mission? To empower people to express themselves in today’s digital world.

Spectacles is a hardware device that can connect with Snapchat to deliver pictures and video from a point-of-view perspective. The company has since made three upgrades to the original version and has a Next Generation model available too. The Next Generation of Spectacles are not intended for sale but will be made available to creators who wish to push the boundaries of video and digital communications.

In October 2022 the company reported it had more than 347milion daily active users with more than 250 million engaging with AR each day. The platform had more than 250,000 Lens creators (Lenses are AR experiences) with more than 2.5 million lenses created. There were more than 6 billion lens plays each day and more than 75% of 13-34-year-olds in 20 countries were users.

SNAP Price History

SNAP Stock News Headlines

September 27, 2023 | msn.com
Snap rises as company reportedly set to close AR unit
September 27, 2023 | finance.yahoo.com
Snap to Shutter Business-Focused AR Unit That Just Launched This Year
September 28, 2023 | Micro-Cap Stock Trader (Ad)
Unlock the treasure on Mount Olympus with this little-known mining stock.
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
September 27, 2023 | americanbankingnews.com
Snap (NYSE:SNAP) Coverage Initiated by Analysts at HSBC
September 25, 2023 | marketwatch.com
Snap Inc. stock falls Monday, underperforms market
September 22, 2023 | finance.yahoo.com
Alibaba, Wayfair upgrade, Snap subscriptions: Trending stocks
September 21, 2023 | finance.yahoo.com
Snap Subscription Service Tops 5 Million Users, Halfway to Goal
September 21, 2023 | investorplace.com
Bullish Signs: 3 Insiders Snapping Up Company Stock
September 28, 2023 | Micro-Cap Stock Trader (Ad)
Unlock the treasure on Mount Olympus with this little-known mining stock.
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
September 21, 2023 | msn.com
Snap surpasses 5M paid subscribers
September 19, 2023 | investorplace.com
3 Cheap Flying Car Stocks That Smart Investors Will Snap Up Now
September 18, 2023 | finance.yahoo.com
Patrick Spence Joins Snap Inc. Board of Directors
September 15, 2023 | markets.businessinsider.com
PINS vs. SNAP: Which Social Media Stock is Better?
September 12, 2023 | investorplace.com
7 Oversold Utilities Stocks to Snap Up Before Bond Yields Fall
September 7, 2023 | seekingalpha.com
Snap: Infrastructure Costs Are Concerning
September 6, 2023 | marketwatch.com
Snap Inc. stock underperforms Wednesday when compared to competitors
September 6, 2023 | benzinga.com
What's Going On With Snap Inc. Stock?
September 6, 2023 | marketwatch.com
Snap Inc. stock rises Tuesday, outperforms market
August 30, 2023 | seekingalpha.com
Snap: Beware Rising Costs
August 23, 2023 | investorplace.com
3 Stocks Insiders Are Snapping Up Like Crazy
August 14, 2023 | investorplace.com
3 Cheap Robotics Stocks That Smart Investors Will Snap Up Now
August 11, 2023 | markets.businessinsider.com
Is Snap Stock (NYSE:SNAP) Doomed? Q2 Figures Raise Serious Concerns
August 8, 2023 | investorplace.com
7 Tech Stocks Under $20 to Snap Up Before the Surge
August 7, 2023 | investorplace.com
7 Cheap Penny Stocks That Smart Investors Will Snap Up Now
August 7, 2023 | investorplace.com
3 Cheap Space Stocks That Smart Investors Will Snap Up Now
August 7, 2023 | investorplace.com
3 Cheap Bank Stocks That Smart Investors Will Snap Up Now
August 6, 2023 | investorplace.com
3 Cheap Blockchain Stocks That Smart Investors Will Snap Up Now
See More Headlines
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SNAP Company Calendar

Last Earnings
7/25/2023
Today
9/28/2023
Next Earnings (Estimated)
10/19/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Computer programming, data processing, & other computer related
Sub-Industry
N/A
Sector
Computer and Technology
Current Symbol
NYSE:SNAP
CUSIP
N/A
CIK
1564408
Web
www.snap.com
Phone
(310) 399-3339
Fax
N/A
Employees
5,288
Year Founded
2011

Price Target and Rating

Average Stock Price Forecast
$10.32
High Stock Price Forecast
$16.00
Low Stock Price Forecast
$7.00
Forecasted Upside/Downside
+20.8%
Consensus Rating
Reduce
Rating Score (0-4)
1.97
Research Coverage
29 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($0.85)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$-1,429,650,000.00
Net Margins
-30.19%
Pretax Margin
-29.47%
Return on Equity
-36.83%
Return on Assets
-12.21%

Debt

Debt-to-Equity Ratio
1.50
Current Ratio
5.16
Quick Ratio
5.16

Sales & Book Value

Annual Sales
$4.60 billion
Price / Sales
3.01
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$1.63 per share
Price / Book
5.24

Miscellaneous

Outstanding Shares
1,622,810,000
Free Float
1,254,755,000
Market Cap
$13.86 billion
Optionable
Optionable
Beta
1.27

Social Links

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Key Executives

  • Mr. Evan T. SpiegelMr. Evan T. Spiegel (Age 32)
    Co-Founder, CEO & Director
    Comp: $2.75M
  • Mr. Robert MurphyMr. Robert Murphy (Age 34)
    Co-Founder, CTO & Director
    Comp: $525k
  • Mr. Derek AndersenMr. Derek Andersen (Age 44)
    Chief Financial Officer
    Comp: $614.96k
  • Mr. Jerry James HunterMr. Jerry James Hunter (Age 58)
    Chief Operating Officer
    Comp: $622.12k
  • Ms. Rebecca MorrowMs. Rebecca Morrow (Age 49)
    Chief Accounting Officer & Controller
    Comp: $699.19k
  • Mr. Michael O'Sullivan (Age 57)
    Gen. Counsel & Sec.
    Comp: $622.17k
  • David Ometer
    Head of Investor Relations
  • Ms. Julie Henderson
    Chief Communications Officer
  • Mr. Scott Withycombe
    Chief People Officer
  • Ms. Kimberlee Archer
    Head Of Global Marketing - Augmented Reality & Camera

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













SNAP Stock - Frequently Asked Questions

Should I buy or sell Snap stock right now?

29 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Snap in the last year. There are currently 4 sell ratings, 22 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" SNAP shares.
View SNAP analyst ratings or view top-rated stocks.

What is Snap's stock price forecast for 2023?

29 brokerages have issued 1-year target prices for Snap's shares. Their SNAP share price forecasts range from $7.00 to $16.00. On average, they expect the company's share price to reach $10.32 in the next year. This suggests a possible upside of 20.8% from the stock's current price.
View analysts price targets for SNAP or view top-rated stocks among Wall Street analysts.

How have SNAP shares performed in 2023?

Snap's stock was trading at $8.95 at the start of the year. Since then, SNAP stock has decreased by 4.6% and is now trading at $8.54.
View the best growth stocks for 2023 here.

When is Snap's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 19th 2023.
View our SNAP earnings forecast.

How were Snap's earnings last quarter?

Snap Inc. (NYSE:SNAP) issued its earnings results on Tuesday, July, 25th. The company reported ($0.23) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.24) by $0.01. The business had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.05 billion. Snap had a negative trailing twelve-month return on equity of 36.83% and a negative net margin of 30.19%.

What ETFs hold Snap's stock?

ETFs with the largest weight of Snap (NYSE:SNAP) stock in their portfolio include Invesco Dynamic Software ETF (PSJ), Global X Metaverse ETF (VR), Global X Social Media Index ETF (SOCL), ProShares On-Demand ETF (OND), ProShares Metaverse ETF (VERS), Fidelity Disruptive Communications ETF (FDCF), Roundhill MEME ETF (MEME) and SPDR S&P Internet ETF (XWEB).

What guidance has Snap issued on next quarter's earnings?

Snap updated its third quarter 2023 earnings guidance on Tuesday, July, 25th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.07 billion-$1.13 billion, compared to the consensus revenue estimate of $1.01 billion.

What is Evan Spiegel's approval rating as Snap's CEO?

184 employees have rated Snap Chief Executive Officer Evan Spiegel on Glassdoor.com. Evan Spiegel has an approval rating of 79% among the company's employees.

What other stocks do shareholders of Snap own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Snap investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Alibaba Group (BABA), Tesla (TSLA), Netflix (NFLX), Intel (INTC), Micron Technology (MU), Twitter (TWTR), Bank of America (BAC) and Walt Disney (DIS).

When did Snap IPO?

(SNAP) raised $3 billion in an IPO on Thursday, March 2nd 2017. The company issued 200,000,000 shares at a price of $14.00-$16.00 per share. Morgan Stanley, Goldman Sachs, J. P. Morgan and Deutsche Bank Securities acted as the underwriters for the IPO and Barclays, Credit Suisse and Allen & Company were co-managers.

What is Snap's stock symbol?

Snap trades on the New York Stock Exchange (NYSE) under the ticker symbol "SNAP."

Who are Snap's major shareholders?

Snap's stock is owned by a number of institutional and retail investors. Top institutional shareholders include SRS Investment Management LLC (3.25%), Capital World Investors (2.38%), Baillie Gifford & Co. (0.65%), Geode Capital Management LLC (0.60%), Artisan Partners Limited Partnership (0.49%) and SG Americas Securities LLC (0.37%). Insiders that own company stock include Derek Andersen, Eric Young, Evan Spiegel, Jared Grusd, Jeremi Gorman, Jerry James Hunter, Joanna Coles, Michael J O'sullivan, Michael J O'sullivan, Michael Lynton, Michael Waterman, Poppy Thorpe, Rebecca Morrow, Robert C Murphy and Robert C Murphy.
View institutional ownership trends.

How do I buy shares of Snap?

Shares of SNAP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Snap's stock price today?

One share of SNAP stock can currently be purchased for approximately $8.54.

How much money does Snap make?

Snap (NYSE:SNAP) has a market capitalization of $13.86 billion and generates $4.60 billion in revenue each year. The company earns $-1,429,650,000.00 in net income (profit) each year or ($0.85) on an earnings per share basis.

How many employees does Snap have?

The company employs 5,288 workers across the globe.

Does Snap have any subsidiaries?
The following companies are subsidiares of Snap: AIFactory, AddLive, Bitstrips, Cimagine Media, Ctrl Me Robotics, Flite, Looksery, Metamarkets, Placed Inc., PlayCanvas, Scan, Seene, Snap Aus Pty Ltd, Snap Group Limited, Snap Group SAS, Snap Intermediate Inc., Snap International I Limited, Snap International II Limited, Snap LLC, Strong.codes, Teleport Future Technologies Inc., Vergence Labs, Voisey, Vurb, and Zenly.
Read More
How can I contact Snap?

Snap's mailing address is 2772 DONALD DOUGLAS LOOP NORTH, SANTA MONICA CA, 90405. The official website for the company is www.snap.com. The company can be reached via phone at (310) 399-3339 or via email at ir@snap.com.

This page (NYSE:SNAP) was last updated on 9/28/2023 by MarketBeat.com Staff

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