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Lowest-Rated Stocks  
NYSE:SNAP

Snap - SNAP Stock Forecast, Price & News

$11.56
-0.65 (-5.32%)
(As of 02/8/2023 12:00 AM ET)
Add
Compare
Today's Range
$11.55
▼
$12.29
50-Day Range
$8.19
▼
$12.21
52-Week Range
$7.33
▼
$41.97
Volume
33.01 million shs
Average Volume
37.07 million shs
Market Capitalization
$18.65 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
18.6% Upside
$13.71 Price Target
Short Interest
Healthy
5.77% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.08mentions of Snap in the last 14 days
Based on 20 Articles This Week
Insider Trading
Selling Shares
$12.37 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.73) to ($0.47) Per Share

Overall MarketRank™

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

2.09 out of 5 stars

Computer And Technology Sector

313th out of 612 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

28th out of 62 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

February 6, 2023 | marketbeat.com
Here’s the Silver Lining with Snap Stock Earnings Collapse
Social media platform Snap Inc. (NYSE: SNAP) stock took a (-15%) dive on its fiscal Q4 2022 earnings release. Its report had few optimistic highlights as it p
January 9, 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
February 8, 2023 | Vector Vest (Ad)
Free ebook: Learn the 6 Stock Market Myths
Learn the 6 greatest stock market myths – 3 rules to pick the right stocks – Powerful techniques to accurately value stocks – Insights on stock valuation and stock market cycles – Secrets revealed on how to successfully manage your portfolio and much more… pixel
February 8, 2023 | americanbankingnews.com
Traders Purchase High Volume of Call Options on Snap (NYSE:SNAP)
February 7, 2023 | americanbankingnews.com
Jefferies Financial Group Equities Analysts Decrease Earnings Estimates for Snap Inc. (NYSE:SNAP)
February 4, 2023 | americanbankingnews.com
Canaccord Genuity Group Trims Snap (NYSE:SNAP) Target Price to $11.00
February 4, 2023 | americanbankingnews.com
Analysts Set Snap Inc. (NYSE:SNAP) Target Price at $11.35
February 3, 2023 | americanbankingnews.com
Snap (NYSE:SNAP) Rating Lowered to Hold at Benchmark
February 8, 2023 | Vector Vest (Ad)
Free ebook: Learn the 6 Stock Market Myths
Learn the 6 greatest stock market myths – 3 rules to pick the right stocks – Powerful techniques to accurately value stocks – Insights on stock valuation and stock market cycles – Secrets revealed on how to successfully manage your portfolio and much more… pixel
February 3, 2023 | americanbankingnews.com
Rosenblatt Securities Raises Snap (NYSE:SNAP) Price Target to $10.00
February 3, 2023 | americanbankingnews.com
Snap (NYSE:SNAP) Rating Lowered to Neutral at UBS Group
February 2, 2023 | americanbankingnews.com
Snap (NYSE:SNAP) Price Target Cut to $15.00 by Analysts at Barclays
February 2, 2023 | americanbankingnews.com
Susquehanna Boosts Snap (NYSE:SNAP) Price Target to $10.00
February 2, 2023 | americanbankingnews.com
Snap (NYSE:SNAP) Price Target Lowered to $13.00 at Credit Suisse Group
February 2, 2023 | americanbankingnews.com
Truist Financial Cuts Snap (NYSE:SNAP) Price Target to $8.00
February 1, 2023 | investorplace.com
The 3 Best Social Media Stocks to Buy Before the Next Bull Market Begins
February 1, 2023 | investorplace.com
Why Is Snap (SNAP) Stock Down 12% Today?
January 31, 2023 | americanbankingnews.com
Snap Inc. (NYSE:SNAP) to Post FY2022 Earnings of ($0.60) Per Share, Jefferies Financial Group Forecasts
January 29, 2023 | americanbankingnews.com
Snap (NYSE:SNAP) Price Target Lowered to $16.00 at Credit Suisse Group
January 26, 2023 | finance.yahoo.com
Snap Inc. Investor Day to Take Place on February 16, 2023
January 26, 2023 | finance.yahoo.com
Snap’s Stock Investors Risk More Pain on Advertising Woes
January 11, 2023 | finance.yahoo.com
Snap (NYSE:SNAP) investors are sitting on a loss of 78% if they invested a year ago
December 30, 2022 | fool.com
Prediction: These Will Be 2 of the Best Stocks to Buy in 2023
December 6, 2022 | finance.yahoo.com
Why Snap Stock Fell Hard Today
December 6, 2022 | finance.yahoo.com
Snap Investors Hope for Advertising Windfall as Brands Ditch Musk’s Twitter
November 28, 2022 | finance.yahoo.com
Snap Staff Told to Be in Office Four Days a Week Starting in February
November 25, 2022 | stocknews.com
2 Stocks to Sell Before They Bleed More Cash
See More Headlines
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SNAP Company Calendar

Last Earnings
10/21/2021
Today
2/08/2023
Next Earnings (Estimated)
4/20/2023
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
$13.71
High Stock Price Forecast
$48.00
Low Stock Price Forecast
$7.00
Forecasted Upside/Downside
+18.6%
Consensus Rating
Hold
Rating Score (0-4)
2.05
Research Coverage
37 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($0.88)
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
-31.07%
Pretax Margin
-30.44%
Return on Equity
-33.20%
Return on Assets
-12.17%

Debt

Debt-to-Equity Ratio
1.45
Current Ratio
4.32
Quick Ratio
4.32

Sales & Book Value

Annual Sales
$4.60 billion
Price / Sales
4.05
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$1.60 per share
Price / Book
7.23

Miscellaneous

Outstanding Shares
1,613,100,000
Free Float
N/A
Market Cap
$18.65 billion
Optionable
Optionable
Beta
1.10

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

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?

37 Wall Street 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 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 equities research analysts have issued 12-month price objectives for Snap's shares. Their SNAP share price forecasts range from $7.00 to $48.00. On average, they anticipate the company's stock price to reach $13.71 in the next twelve months. This suggests a possible upside of 18.6% 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 stock has increased by 29.2% and is now trading at $11.56.
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) posted its earnings results on Thursday, October, 21st. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.06. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.09 billion. Snap had a negative net margin of 31.07% and a negative trailing twelve-month return on equity of 33.20%. During the same quarter in the previous year, the firm posted ($0.14) EPS.

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 shareholders include Baillie Gifford & Co. (0.69%), Sumitomo Mitsui Trust Holdings Inc. (0.29%), Swiss National Bank (0.28%), UBS Group AG (0.00%), Assenagon Asset Management S.A. (0.23%) and Simplex Trading LLC (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, Robert C Murphy and Stanley J Meresman.
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 $11.56.

How much money does Snap make?

Snap (NYSE:SNAP) has a market capitalization of $18.65 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 2/8/2023 by MarketBeat.com Staff