Snap is a internet company located in California, United States, which is part of the Technology sector, and is traded under the ticker SNAP on the NYSE exchange.
Snap stock last closed at $11.21, up 2.75% from the previous day, and has decreased 68.85% in one year. It has underperformed other stocks in the Internet Content & Information industry by 0.37 percentage points. Snap stock is currently +52.93% from its 52-week low of $7.33, and -71.83% from its 52-week high of $39.80.
There are currently 1.58B SNAP shares outstanding. The market capitalization of SNAP is $17.73B. In the last 24 hours, 21.41M SNAP shares were traded.
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Once you have identified the best place to buy Snap stock, it's important to analyze their stock prior to investing, so you truly understand the risk as well as the upside.
WallStreetZen was created to help everyday investors do more in-depth fundamental analysis.
You can see all of the due diligence checks on SNAP's stock page.
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge SNAP's intrinsic value.
Using relative valuations measures:
You can access additional valuation analysis on SNAP's stock here.
Out of 21 Wall Street analysts who give forecasts on SNAP, the consensus analyst rating on SNAP is a Hold
Please note that analyst ratings are not recommendations, nor are they financial advice.
Stephen Ju, a top 21% analyst from Credit Suisse reiterates SNAP with a buy rating and maintains their SNAP price target from $13.00 to $13.00, on Mar 30, 2023.
Michael Morris, a top 15% analyst from Guggenheim maintains SNAP with a hold rating and raises their SNAP price target from $9.00 to $12.00, on Mar 27, 2023.
Barton Crockett, a bottom 6% analyst from Rosenblatt reiterates SNAP with a hold rating and maintains their SNAP price target from $10.00 to $10.00, on Feb 17, 2023.
Youssef Squali, a top 6% analyst from Truist Securities maintains SNAP with a hold rating and lowers their SNAP price target from $10.00 to $8.00, on Feb 1, 2023.
Squali lowered his price target on Snap Inc. by 20% following the release of the company's Q4 and FY 2022 earnings report on 2023/01/31.
QTD performance and Q1 guidance revealed that (1) macro headwinds, (2) targeting signal loss, and (3) competition continue to weigh on Snap's growth, the analyst told investors.
While the company's cost-cutting measures should help it protect profitability and margins in 2023, efforts to re-accelerate growth and monetization, along with scaling new offerings, will likely take time, Squali added.
Snap reported:
For Q4 2022:
For FY 2022:
With respect to guidance, management stated: “Given uncertainties related to the operating environment, we are not providing our expectations for revenue or adjusted EBITDA for the first quarter of 2023."
CEO & Co-Founder Evan Spiegel commented: "We continue to face significant headwinds as we look to accelerate revenue growth, and we are making progress driving improved return on investment for advertisers and innovating to deepen the engagement of our community.
"We begin 2023 focused on executing against our three strategic priorities of growing our community and deepening their engagement with our products, accelerating and diversifying our revenue growth, and investing in the future of augmented reality.
"We look forward to sharing more about our progress and plans at our upcoming Investor Day on 2023/02/16 at our offices in Santa Monica.”
Maria Ripps, a bottom 15% analyst from Canaccord Genuity maintains SNAP with a hold rating and lowers their SNAP price target from $12.00 to $11.00, on Feb 1, 2023.
You can dig deeper into what analysts are saying on the Snap stock forecast page.
Last year, SNAP revenue was $4.60B. During the past five year, SNAP's revenue has gone up by 41.03% per year. This was faster than the Internet Content & Information industry average of 22.96%.
Find out more about SNAP's earnings and revenue performance here.
In the past 12 months, executives and large shareholders at SNAP have sold more shares than they have bought.
Derek Andersen, Chief Financial Officer of SNAP, was the latest SNAP insider to sell. They sold $539,232.00 worth of SNAP shares on Mar 16, 2023.
Dig into more about who owns SNAP stock here.
No, Snap doesn't provide an income stream by paying out dividends.
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