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S&P 500   3,936.97
DOW   32,030.11
QQQ   306.12
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3 Tech Stocks Well Positioned For Growth At A Reasonable Price
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GameStop Shares Surge On Surprise Profit
S&P 500   3,936.97
DOW   32,030.11
QQQ   306.12
3 Dividend Contenders to Buy Now for Long-Term Gains Later
Modern Day Options Trading For Beginners! (Ad)pixel
3 Tech Stocks Well Positioned For Growth At A Reasonable Price
These 3 Dividend Growers Yield More Than the 10-Year Note
Modern Day Options Trading For Beginners! (Ad)pixel
Closing prices for crude oil, gold and other commodities
Seesaw Effect: As Banks Drop, These 3 Stocks Are Going Up
Modern Day Options Trading For Beginners! (Ad)pixel
AI Is Giving 3 Marketing & Ad Firms Revenue & Earnings Boost
GameStop Shares Surge On Surprise Profit
S&P 500   3,936.97
DOW   32,030.11
QQQ   306.12
3 Dividend Contenders to Buy Now for Long-Term Gains Later
Modern Day Options Trading For Beginners! (Ad)pixel
3 Tech Stocks Well Positioned For Growth At A Reasonable Price
These 3 Dividend Growers Yield More Than the 10-Year Note
Modern Day Options Trading For Beginners! (Ad)pixel
Closing prices for crude oil, gold and other commodities
Seesaw Effect: As Banks Drop, These 3 Stocks Are Going Up
Modern Day Options Trading For Beginners! (Ad)pixel
AI Is Giving 3 Marketing & Ad Firms Revenue & Earnings Boost
GameStop Shares Surge On Surprise Profit

Snap - SNAP Stock Forecast, Price & News

$11.05
-0.33 (-2.90%)
(As of 03/22/2023 12:00 AM ET)
Add
Compare
Today's Range
$11.02
$11.70
50-Day Range
$9.41
$12.21
52-Week Range
$7.33
$39.80
Volume
20.81 million shs
Average Volume
31.53 million shs
Market Capitalization
$17.47 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$13.71

Snap MarketRank™ Forecast

Analyst Rating
Hold
2.05 Rating Score
Upside/​Downside
24.1% Upside
$13.71 Price Target
Short Interest
Bearish
5.95% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.15mentions of Snap in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$13.60 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.73) to ($0.49) Per Share

Overall MarketRank

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

1.75 out of 5 stars

Computer And Technology Sector

505th out of 602 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

52nd out of 62 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

Snap Stock Snaps Back on Prospects for a TikTok Ban
Social media platform Snap Inc. (NYSE: SNAP) stock has been rallying as Congress persists in its efforts to ban social media video platform TikTok in the U.S.
The gold catalyst we’ve waited for
If you thought the SVB meltdown was bad… watch out. Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK.
Snap Can’t Count on a TikTok Ban to Help It Recover
The gold catalyst we’ve waited for
If you thought the SVB meltdown was bad… watch out. Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK.
Alphabet Is Snapping Up GOOG Stock. Should You?
Snapchat Is Adding More Users, Topping 750 Million a Month
Snap says it has passed 750 million monthly active users
Ignore the Worrywarts! Snap Up Eli Lilly Stock on Sale
Why Is Snap (SNAP) Stock Down 12% Today?
Snap Inc. Investor Day to Take Place on February 16, 2023
Why Snap Stock Fell Hard Today
2 Stocks to Sell Before They Bleed More Cash
7 Chinese Stocks to Snap Up on China’s Market Crash
4 Solid Stocks to Watch on a Booming Metaverse Space
The 4 Scariest Stocks You Could Own in 2022
See More Headlines
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SNAP Company Calendar

Last Earnings
1/31/2023
Today
3/23/2023
Next Earnings (Estimated)
4/20/2023
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
$13.71
High Stock Price Forecast
$48.00
Low Stock Price Forecast
$7.00
Forecasted Upside/Downside
+24.1%
Consensus Rating
Hold
Rating Score (0-4)
2.05
Research Coverage
37 Analysts

Profitability

Net Income
$-1,429,650,000.00
Pretax Margin
-30.44%

Debt

Sales & Book Value

Annual Sales
$4.60 billion
Book Value
$1.63 per share

Miscellaneous

Outstanding Shares
1,581,330,000
Free Float
N/A
Market Cap
$17.47 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
  • Ben Schwerin
    VP-Partnerships & Senior VP-Content & Partnerships













SNAP Stock - Frequently Asked Questions

Should I buy or sell Snap stock right now?

37 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Snap in the last year. There are currently 3 sell ratings, 29 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street 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 analysts have issued twelve-month target prices for Snap's shares. Their SNAP share price forecasts range from $7.00 to $48.00. On average, they expect the company's share price to reach $13.71 in the next year. This suggests a possible upside of 24.1% 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 on January 1st, 2023. Since then, SNAP shares have increased by 23.5% and is now trading at $11.05.
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, April 20th 2023.
View our SNAP earnings forecast
.

How were Snap's earnings last quarter?

Snap Inc. (NYSE:SNAP) released its earnings results on Tuesday, January, 31st. The company reported ($0.08) earnings per share for the quarter, beating analysts' consensus estimates of ($0.10) by $0.02. The business earned $1.30 billion during the quarter, compared to analyst estimates of $1.30 billion. Snap had a negative trailing twelve-month return on equity of 33.20% and a negative net margin of 31.07%.

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 a number of retail and institutional investors. Top institutional investors include Two Sigma Advisers LP (1.16%), Two Sigma Investments LP (1.15%), Baillie Gifford & Co. (0.70%), Renaissance Technologies LLC (0.67%), Jane Street Group LLC (0.00%) and Artisan Partners Limited Partnership (0.60%). 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 $11.05.

How much money does Snap make?

Snap (NYSE:SNAP) has a market capitalization of $17.47 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 ($0.88) 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 3/23/2023 by MarketBeat.com Staff