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Snap (SNAP) Stock Forecast, Price & News

$10.33
+0.13 (+1.27%)
(As of 06/1/2023 ET)
Compare
Today's Range
$10.01
$10.46
50-Day Range
$7.91
$11.74
52-Week Range
$7.33
$16.55
Volume
16.84 million shs
Average Volume
31.01 million shs
Market Capitalization
$16.55 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$10.44

Snap MarketRank™ Forecast

Analyst Rating
Hold
2.05 Rating Score
Upside/​Downside
1.0% Upside
$10.44 Price Target
Short Interest
Bearish
6.20% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.33mentions of Snap in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$3.40 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.76) to ($0.59) Per Share

Overall MarketRank

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

1.21 out of 5 stars

Computer And Technology Sector

1169th out of 1,226 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

115th out of 120 stocks


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.

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SNAP Stock News Headlines

Here’s Why Snap Stock Can Double in 2023
Social media platform Snap Inc. (NYSE: SNAP) stock has fallen to pandemic lows as it collapsed (-77%) in 2022. The fallout from advertisers pulling
Snap Proves More DAUs Don’t Mean More Revenues
Video messaging media company Snap Inc. (NYSE: SNAP) stock was punished with a (27%) haircut after releasing its Q 2023 earnings report.
"Unknown laser company making HUGE profit from Russia-Ukraine War"
On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>
Snap Inc. (NYSE:SNAP) COO Sells $548,120.59 in Stock
"Unknown laser company making HUGE profit from Russia-Ukraine War"
On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>
Buy the Dip: 3 Stocks to Snap Up After a 10% Drop
Piper Sandler Trims Snap (NYSE:SNAP) Target Price to $8.00
Guggenheim Cuts Snap (NYSE:SNAP) Price Target to $9.00
The Snapchat 'Fad' Is Over
Barclays Trims Snap (NYSE:SNAP) Target Price to $11.00
Snap (NYSE:SNAP) Shares Gap Down Following Analyst Downgrade
Snap (SNAP) Q1 2023 Earnings Call Transcript
Why Snap Stock Crashed After Q1 Earnings
Snap Q1 Earnings: Serious Question Marks
See More Headlines

SNAP Price History

SNAP Company Calendar

Last Earnings
4/27/2023
Today
6/01/2023
Next Earnings (Estimated)
7/20/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Computer programming, data processing, & other computer related
Sub-Industry
N/A
Fax
N/A
Employees
5,288
Year Founded
2011

Price Target and Rating

Average Stock Price Forecast
$10.44
High Stock Price Forecast
$25.00
Low Stock Price Forecast
$7.00
Forecasted Upside/Downside
+0.8%
Consensus Rating
Hold
Rating Score (0-4)
2.05
Research Coverage
37 Analysts

Profitability

Net Income
$-1,429,650,000.00
Pretax Margin
-30.29%

Debt

Sales & Book Value

Annual Sales
$4.60 billion
Book Value
$1.61 per share

Miscellaneous

Outstanding Shares
1,601,770,000
Free Float
1,238,488,000
Market Cap
$16.58 billion
Optionable
Optionable
Beta
1.19

Social Links


Key Executives

  • Evan Thomas Spiegel
    Chief Executive Officer & Director
  • Jerry James HunterJerry James Hunter
    Chief Operating Officer
  • Derek AndersenDerek Andersen
    Chief Financial Officer
  • Robert C. MurphyRobert C. Murphy
    Director & Chief Technology Officer
  • Eitan Pilipski
    Senior Vice President-Camera Platform













SNAP Stock - Frequently Asked Questions

Should I buy or sell Snap stock right now?

37 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Snap in the last year. There are currently 3 sell ratings, 30 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SNAP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SNAP, but not buy additional shares or sell existing shares.
View SNAP analyst ratings
or view top-rated stocks.

What is Snap's stock price forecast for 2023?

37 Wall Street research analysts have issued 1-year price objectives for Snap's shares. Their SNAP share price forecasts range from $7.00 to $25.00. On average, they predict the company's stock price to reach $10.44 in the next twelve months. This suggests a possible upside of 0.8% 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 increased by 15.6% and is now trading at $10.35.
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, July 20th 2023.
View our SNAP earnings forecast
.

How were Snap's earnings last quarter?

Snap Inc. (NYSE:SNAP) released its quarterly earnings results on Thursday, April, 27th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $0.04. The company earned $988.61 million during the quarter, compared to the consensus estimate of $1.01 billion. Snap had a negative net margin of 30.89% and a negative trailing twelve-month return on equity of 33.79%.

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

Snap issued an update on its second quarter 2023 earnings guidance on Friday, April, 28th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.00 billion-$1.09 billion, compared to the consensus revenue estimate of $1.10 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 many different institutional and retail investors. Top institutional investors include Two Sigma Advisers LP (1.54%), Two Sigma Investments LP (1.24%), Baillie Gifford & Co. (0.69%), Jane Street Group LLC (0.00%), Geode Capital Management LLC (0.59%) and Susquehanna International Group LLP (0.00%). Insiders that own company stock include Derek Andersen, 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 $10.35.

How much money does Snap make?

Snap (NYSE:SNAP) has a market capitalization of $16.58 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 ($0.87) 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 6/1/2023 by MarketBeat.com Staff

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