Snap (SNAP) News Today

Snap Inc. (SNAP) stock movement today reflects a mix of encouraging analyst upgrades, neutral industry developments, and disappointing earnings and guidance.

• Positive Sentiment: Evercore ISI lifts price target to $12.00 reflecting confidence in Snap’s ad revenue growth. Snap Price Target Raised to $12.00
• Positive Sentiment: Analyst note highlights Snap’s focus on AR and creator tools gives it an edge in the ad-tech race. Reddit vs. Snap: Smarter Buy
• Neutral Sentiment: Snap inks $550M senior notes due 2034 in upsized offering to bolster liquidity. Snap Pricing of Upsized Offering
• Neutral Sentiment: Consistent “Market Perform” and “Neutral” ratings from Citizens JMP, JMP Securities and Cantor Fitzgerald keep consensus steady. Citizens JMP Market Perform, JMP Market Perform, Cantor Fitzgerald Neutral
• Neutral Sentiment: Industry-wide AI ad tools boost digital ad market, though some players are being left behind, pointing to mixed benefits for Snap. Tech AI Ad Tools
• Negative Sentiment: Q2 earnings disappointed, shares slid after a wider net loss and earnings miss, and a new capital-raising push raised dilution concerns. Why Snap Stock Was Sliding
• Negative Sentiment: Shares plunged over 17% midweek on a wider net loss, underscoring investor unease with profitability trends. Snap Nosedives 17%
• Negative Sentiment: Multiple firms cut targets (Rosenblatt to $8.70, Piper Sandler to $9.00, UBS to $9.00, Guggenheim to $8.00) citing slower user growth and ad-revenue headwinds. Price Target Cut to $8.70
• Negative Sentiment: BMO Capital Markets issues a pessimistic forecast despite retaining an Outperform rating, signaling caution on Snap’s near-term outlook. BMO Pessimistic Forecast
• Negative Sentiment: Broader market scan highlights Snap underperforming peers after falling short of expectations in a daily tech roundup. Hot or Not: Snap Falls Short