Snap (SNAP) Stock Forecast, Price & News

38 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Snap in the last twelve months. There are currently 3 sell ratings, 30 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street 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.
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38 equities research analysts have issued twelve-month target prices 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 1.5% from the stock's current price.
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Snap's stock was trading at $8.95 at the start of the year. Since then, SNAP stock has increased by 14.9% and is now trading at $10.28.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 20th 2023.
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Snap Inc. (NYSE:SNAP) announced its quarterly earnings results on Thursday, April, 27th. The company reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.23) by $0.04. The business had revenue of $988.61 million for 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%.

ETFs with the largest weight of Snap (NYSE:SNAP) stock in their portfolio include Global X Social Media Index ETF (SOCL), Roundhill Ball Metaverse ETF (METV), ProShares On-Demand ETF (OND), ProShares Metaverse ETF (VERS), Global X Metaverse ETF (VR), SPDR S&P Internet ETF (XWEB), First Trust Indxx Metaverse ETF (ARVR) and Fidelity Metaverse ETF (FMET).

Snap issued an update on its second quarter 2023 earnings guidance on Friday, April, 28th. The company provided 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.

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.

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).

(SNAP) raised $3 billion in an IPO on Thursday, March 2nd 2017. The company issued 200,000,000 shares at $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.

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

Snap's stock is owned by many different retail and institutional investors. Top institutional shareholders 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.
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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.
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One share of SNAP stock can currently be purchased for approximately $10.28.

Snap (NYSE:SNAP) has a market capitalization of $16.47 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.

The company employs 5,288 workers across the globe.

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.