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Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
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[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
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Wheat prices jump following collapse of major dam in southern Ukraine
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
Here’s What’s Driving the Price of Carvana Higher
Stock market today: Asian stocks mixed as Wall St inches toward bull market
S&P 500   4,283.85
DOW   33,573.28
QQQ   354.84
High Dividend REITs: Are They an Ideal Way to Diversify?
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
Dollar General May Create an Opportunity for Patient Investors
Is Frontline's 20% Dividend Too Good To Be True?
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
3 Reasons The Wayfair Rally Is Way Overdone
Wheat prices jump following collapse of major dam in southern Ukraine
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
Here’s What’s Driving the Price of Carvana Higher
Stock market today: Asian stocks mixed as Wall St inches toward bull market
S&P 500   4,283.85
DOW   33,573.28
QQQ   354.84
High Dividend REITs: Are They an Ideal Way to Diversify?
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
Dollar General May Create an Opportunity for Patient Investors
Is Frontline's 20% Dividend Too Good To Be True?
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
3 Reasons The Wayfair Rally Is Way Overdone
Wheat prices jump following collapse of major dam in southern Ukraine
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
Here’s What’s Driving the Price of Carvana Higher
Stock market today: Asian stocks mixed as Wall St inches toward bull market
Lowest-Rated StocksLowest-Rated
NYSE:SNAP

Snap (SNAP) Stock Forecast, Price & News

$10.51
0.00 (0.00%)
(As of 06/6/2023 ET)
Compare
Today's Range
$10.34
▼
$10.63
50-Day Range
$7.91
▼
$11.24
52-Week Range
$7.33
▼
$16.55
Volume
16.27 million shs
Average Volume
30.63 million shs
Market Capitalization
$16.83 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$10.44
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media

Snap MarketRank™ Forecast

Analyst Rating
Hold
2.03 Rating Score
Upside/​Downside
0.7% Downside
$10.44 Price Target
Short Interest
Bearish
6.20% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.08mentions of Snap in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$3.53 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.

1.01 out of 5 stars

Computer And Technology Sector

593rd out of 606 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

56th 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.

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SNAP Stock News Headlines

May 31, 2023 | marketbeat.com
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
May 9, 2023 | marketbeat.com
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.
June 7, 2023 | Behind the Markets (Ad)
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
June 4, 2023 | seekingalpha.com
Snap: Large R&D Investments With Little To Show For It
June 2, 2023 | seekingalpha.com
Snap: Can Montana's TikTok Ban Turn The Tide?
June 2, 2023 | seekingalpha.com
Snap: Can Montana's TikTok Ban Turn The Tide?
May 31, 2023 | seekingalpha.com
Is Snap Stock Worth Your Attention? A Look At Its Valuation And Challenges
May 22, 2023 | investorplace.com
SNAP Stock Alert: Don’t Hold Your Breath for a Sustained Snap Rally
June 7, 2023 | Behind the Markets (Ad)
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
May 18, 2023 | investorplace.com
Snap Up These 3 Growth Stocks That Have Fallen 50% Over the Last Year
May 18, 2023 | americanbankingnews.com
Jerry James Hunter Sells 42,105 Shares of Snap Inc. (NYSE:SNAP) Stock
May 18, 2023 | americanbankingnews.com
Snap Inc. (NYSE:SNAP) COO Sells $548,120.59 in Stock
May 16, 2023 | investorplace.com
Buy the Dip: 3 Stocks to Snap Up After a 10% Drop
May 15, 2023 | americanbankingnews.com
Snap Inc. (NYSE:SNAP) Receives $9.93 Average Target Price from Analysts
May 6, 2023 | seekingalpha.com
Snap: Speculative Product Play With Near-Term Potential
May 4, 2023 | americanbankingnews.com
Michael J. O'sullivan Sells 13,000 Shares of Snap Inc. (NYSE:SNAP) Stock
May 2, 2023 | americanbankingnews.com
Piper Sandler Trims Snap (NYSE:SNAP) Target Price to $8.00
May 2, 2023 | americanbankingnews.com
Guggenheim Cuts Snap (NYSE:SNAP) Price Target to $9.00
May 1, 2023 | seekingalpha.com
The Snapchat 'Fad' Is Over
May 1, 2023 | americanbankingnews.com
Barclays Trims Snap (NYSE:SNAP) Target Price to $11.00
May 1, 2023 | americanbankingnews.com
Credit Suisse Group Cuts Snap (NYSE:SNAP) Price Target to $11.00
May 1, 2023 | americanbankingnews.com
Truist Financial Cuts Snap (NYSE:SNAP) Price Target to $7.00
May 1, 2023 | americanbankingnews.com
Rosenblatt Securities Cuts Snap (NYSE:SNAP) Price Target to $9.00
April 30, 2023 | americanbankingnews.com
Snap (NYSE:SNAP) Shares Gap Down Following Analyst Downgrade
April 29, 2023 | americanbankingnews.com
Snap (NYSE:SNAP) Price Target Lowered to $8.00 at Deutsche Bank Aktiengesellschaft
April 28, 2023 | finance.yahoo.com
Snap (SNAP) Q1 2023 Earnings Call Transcript
April 28, 2023 | finance.yahoo.com
Snap plunges by most in six months after posting revenue decline
See More Headlines

SNAP Price History

SNAP Company Calendar

Last Earnings
4/27/2023
Today
6/06/2023
Next Earnings (Estimated)
7/20/2023
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
$10.44
High Stock Price Forecast
$25.00
Low Stock Price Forecast
$7.00
Forecasted Upside/Downside
-0.7%
Consensus Rating
Hold
Rating Score (0-4)
2.03
Research Coverage
36 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($0.87)
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
-30.89%
Pretax Margin
-30.29%
Return on Equity
-33.79%
Return on Assets
-11.78%

Debt

Debt-to-Equity Ratio
1.45
Current Ratio
4.71
Quick Ratio
4.71

Sales & Book Value

Annual Sales
$4.60 billion
Price / Sales
3.66
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$1.63 per share
Price / Book
6.45

Miscellaneous

Outstanding Shares
1,601,770,000
Free Float
N/A
Market Cap
$16.83 billion
Optionable
Optionable
Beta
1.20

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

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?

36 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Snap in the last twelve months. There are currently 2 sell ratings, 30 hold ratings and 4 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.
View SNAP analyst ratings or view top-rated stocks.

What is Snap's stock price forecast for 2023?

36 analysts have issued 1 year target prices for Snap's shares. Their SNAP share price forecasts range from $7.00 to $25.00. On average, they expect the company's stock price to reach $10.44 in the next twelve months. This suggests that the stock has a possible downside of 0.7%.
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 beginning of 2023. Since then, SNAP stock has increased by 17.4% and is now trading at $10.51.
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) issued its earnings results on Thursday, April, 27th. The company reported ($0.19) earnings per share for the quarter, beating 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 trailing twelve-month return on equity of 33.79% and a negative net margin of 30.89%.

What ETFs hold Snap's stock?

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).

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

Snap updated its second quarter 2023 earnings guidance on Friday, April, 28th. The company provided earnings per share 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 $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 retail and institutional 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 $10.51.

How much money does Snap make?

Snap (NYSE:SNAP) has a market capitalization of $16.83 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 6/7/2023 by MarketBeat.com Staff

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