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QQQ   444.82 (+0.00%)
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BABA   72.43 (+1.17%)
T   17.64 (+0.51%)
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MU   117.94 (-1.01%)
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GE   175.39 (-2.63%)
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XOM   116.07 (+0.96%)

Snap (SNAP) Stock Price, News & Analysis

$11.56
+0.11 (+0.96%)
(As of 03:09 PM ET)
Today's Range
$11.35
$11.68
50-Day Range
$10.72
$17.46
52-Week Range
$7.86
$17.90
Volume
10.29 million shs
Average Volume
31.21 million shs
Market Capitalization
$19.08 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$13.70

Snap MarketRank™ Stock Analysis

Analyst Rating
Hold
2.14 Rating Score
Upside/​Downside
19.2% Upside
$13.70 Price Target
Short Interest
Healthy
5.43% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.50mentions of Snap in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$5.08 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.58) to ($0.36) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.51 out of 5 stars

Computer And Technology Sector

424th out of 587 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

36th out of 55 stocks

SNAP stock logo

About Snap Stock (NYSE:SNAP)

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.

SNAP Stock Price History

SNAP Stock News Headlines

4 Canadian school boards sue Snapchat, TikTok and Meta for disrupting students' education
Four of the largest school boards in the Canadian province of Ontario have launched lawsuits against TikTok, Meta and SnapChat alleging the social media platforms are disrupting student learning
AI to Meet the Same Fate as EVs?
When these tech bubbles burst, they invariably leave investors disillusioned by their losses. Now, many worry a similar fate is awaiting AI. And one man, legendary financial analyst Porter Stansberry, who called Nvidia at $11…
Meta, Snapchat and TikTok sued by Ontario schools
Why Snap (NYSE:SNAP) Could Become a Penny Stock
AI to Meet the Same Fate as EVs?
When these tech bubbles burst, they invariably leave investors disillusioned by their losses. Now, many worry a similar fate is awaiting AI. And one man, legendary financial analyst Porter Stansberry, who called Nvidia at $11…
Is AI Mania Waning? 3 Stocks to Sell Now.
Why Snap Stock Fell 31% Last Month
3 Tech Stocks Inflated and Ready for a Massive Fall
2 Beaten-Down Stocks to Buy Right Now
See More Headlines
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Company Calendar

Last Earnings
2/06/2024
Today
3/28/2024
Next Earnings (Estimated)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Computer programming, data processing, & other computer related
Sub-Industry
N/A
Fax
N/A
Employees
5,289
Year Founded
2011

Price Target and Rating

Average Stock Price Target
$13.70
High Stock Price Target
$23.00
Low Stock Price Target
$7.50
Potential Upside/Downside
+19.7%
Consensus Rating
Hold
Rating Score (0-4)
2.14
Research Coverage
21 Analysts

Profitability

Net Income
$-1,322,480,000.00
Pretax Margin
-28.10%

Debt

Sales & Book Value

Annual Sales
$4.61 billion
Book Value
$1.47 per share

Miscellaneous

Outstanding Shares
1,650,630,000
Free Float
1,276,269,000
Market Cap
$18.89 billion
Optionable
Optionable
Beta
1.13

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Should I Buy Snap Stock? SNAP Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Snap was last updated on Wednesday, March 27, 2024 at 11:07 PM.

Pros

Here are some ways that investors could benefit from investing in Snap Inc.:

  • Snap Inc. operates as a technology company with a strong presence in North America, Europe, and internationally, offering innovative products like Snapchat and Spectacles.
  • The company provides various advertising products, including AR ads and Snap ads, catering to the growing digital advertising market.
  • Snap Inc. has shown resilience and adaptability in the competitive tech industry, continuously evolving its offerings to meet user demands.
  • Recent developments in Snap Inc.'s products, such as new features on Snapchat and advancements in AR technology, indicate a commitment to staying at the forefront of innovation.
  • Despite market fluctuations, Snap Inc.'s stock price has shown stability and potential for growth, making it an attractive investment opportunity.

Cons

Investors should be bearish about investing in Snap Inc. for these reasons:

  • While Snap Inc. has shown innovation, the tech industry is highly competitive, with rapid changes that could impact the company's market position.
  • Concerns about data privacy and security have been raised regarding social media platforms like Snapchat, which could lead to regulatory challenges and user trust issues.
  • Snap Inc.'s revenue heavily relies on advertising, making it susceptible to fluctuations in the advertising market and changes in consumer behavior.
  • Investing in Snap Inc. involves risks associated with the company's ability to maintain user engagement and attract new users amidst evolving social media trends.
  • Market volatility and macroeconomic factors can influence Snap Inc.'s stock performance, requiring investors to carefully assess the risks involved in the tech sector.

SNAP Stock Analysis - Frequently Asked Questions

Should I buy or sell Snap stock right now?

21 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Snap in the last twelve months. There are currently 3 sell ratings, 12 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities 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 target for 2024?

21 Wall Street analysts have issued 1-year price objectives for Snap's stock. Their SNAP share price targets range from $7.50 to $23.00. On average, they anticipate the company's share price to reach $13.70 in the next year. This suggests a possible upside of 19.2% 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 2024?

Snap's stock was trading at $16.93 at the beginning of 2024. Since then, SNAP stock has decreased by 32.1% and is now trading at $11.49.
View the best growth stocks for 2024 here
.

When is Snap's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our SNAP earnings forecast
.

How were Snap's earnings last quarter?

Snap Inc. (NYSE:SNAP) posted its quarterly earnings data on Tuesday, February, 6th. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.04. The company earned $1.36 billion during the quarter, compared to analysts' expectations of $1.39 billion. Snap had a negative trailing twelve-month return on equity of 47.47% and a negative net margin of 28.71%.

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

Snap issued an update on its first quarter 2024 earnings guidance on Tuesday, February, 6th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $1.1 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 (SNAP) raised $3 billion in an initial public offering 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.

Who are Snap's major shareholders?

Snap's stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (5.79%), Vanguard Group Inc. (5.77%), SRS Investment Management LLC (3.95%), Capital World Investors (2.79%), Price T Rowe Associates Inc. MD (1.15%) and Ossiam (0.64%). Insiders that own company stock include Derek Andersen, Eric Young, Evan Spiegel, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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
This page (NYSE:SNAP) was last updated on 3/28/2024 by MarketBeat.com Staff

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