Evercore Cuts Snap (NYSE:SNAP) Price Target to $9.00

Snap (NYSE:SNAP) had its price objective cut by Evercore from $13.00 to $9.00 in a research note issued to investors on Thursday, Marketbeat Ratings reports. They currently have an in-line rating on the stock.

A number of other equities analysts also recently weighed in on the stock. Truist Financial boosted their target price on shares of Snap from $10.00 to $11.00 and gave the stock a “hold” rating in a research note on Friday, November 7th. Arete Research raised Snap from a “sell” rating to a “neutral” rating in a report on Tuesday, November 18th. The Goldman Sachs Group lowered their target price on Snap from $9.50 to $8.50 and set a “neutral” rating for the company in a research note on Tuesday, January 13th. Cantor Fitzgerald cut their price target on Snap from $9.00 to $7.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, B. Riley Financial upgraded Snap from a “neutral” rating to a “buy” rating and set a $10.00 price objective for the company in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, twenty-three have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $8.66.

Snap Trading Up 2.3%

SNAP stock opened at $5.24 on Thursday. The business has a fifty day moving average price of $7.58 and a 200 day moving average price of $7.82. The company has a debt-to-equity ratio of 1.57, a current ratio of 3.67 and a quick ratio of 3.67. Snap has a fifty-two week low of $5.10 and a fifty-two week high of $11.26. The stock has a market capitalization of $9.01 billion, a price-to-earnings ratio of -19.41 and a beta of 0.83.

Snap (NYSE:SNAP) last announced its earnings results on Wednesday, February 4th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.12). Snap had a negative return on equity of 20.91% and a negative net margin of 7.76%.The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the previous year, the company posted $0.01 EPS. Snap’s revenue for the quarter was up 10.2% on a year-over-year basis. Analysts expect that Snap will post -0.3 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO Rebecca Morrow sold 12,699 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $8.34, for a total value of $105,909.66. Following the sale, the chief accounting officer directly owned 466,603 shares in the company, valued at $3,891,469.02. This trade represents a 2.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ajit Mohan sold 109,372 shares of Snap stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $8.34, for a total transaction of $912,162.48. Following the transaction, the insider directly owned 5,326,801 shares in the company, valued at $44,425,520.34. The trade was a 2.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 393,341 shares of company stock worth $3,169,210. Corporate insiders own 22.68% of the company’s stock.

Institutional Investors Weigh In On Snap

Hedge funds have recently bought and sold shares of the company. Allworth Financial LP grew its holdings in shares of Snap by 92.3% in the 3rd quarter. Allworth Financial LP now owns 3,293 shares of the company’s stock valued at $25,000 after buying an additional 1,581 shares during the period. Oak Harvest Investment Services acquired a new stake in Snap during the 4th quarter worth $26,000. V Square Quantitative Management LLC bought a new position in Snap during the fourth quarter worth about $29,000. EverSource Wealth Advisors LLC grew its stake in Snap by 561.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,618 shares of the company’s stock valued at $29,000 after acquiring an additional 3,071 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Snap in the third quarter worth about $33,000. 47.52% of the stock is currently owned by institutional investors and hedge funds.

More Snap News

Here are the key news stories impacting Snap this week:

• Positive Sentiment: B. Riley upgraded SNAP to Buy with a $10 price target, signaling a bullish view that could attract buyers and help lift the stock. B. Riley upgrade
• Positive Sentiment: Bank of America also upgraded SNAP to Buy with a $10 target, another high-profile bullish call that supports the rally. BofA upgrade
• Positive Sentiment: Q4 results showed revenue growth (~+10% y/y), earnings beats in some reports and a sizeable jump in net income — evidence management’s profitability focus is working and giving bulls ammunition. Q4 earnings beat (Zacks)
• Positive Sentiment: Unusually large purchases of SNAP call options indicate speculative or directional bullish positioning that can amplify intraday upside and volume. Call option activity
• Neutral Sentiment: Snap filed its 2025 Form 10‑K (routine but provides audited detail and disclosure for investors). 10‑K filing
• Neutral Sentiment: Citizens Jmp reaffirmed a Market Perform rating — a hold view that is neither a large buy signal nor a sell endorsement. Citizens Jmp reaffirmation
• Negative Sentiment: Numerous analysts cut price targets or moved to cautious stances this week (Wells Fargo to $8, Cantor Fitzgerald to $7, JPMorgan to $7 with an underweight, Evercore to $9, TD Cowen to $8, etc.), creating downward pressure on consensus expectations. Analyst price target cuts
• Negative Sentiment: Despite profitability improvements, daily active users fell and management gave softer near‑term revenue cues — factors that cap valuation upside and explain why many analysts remain cautious. User decline and strategy (TechCrunch)
• Negative Sentiment: Market consensus remains skewed toward reduce/hold: many analysts rate the stock lower overall, and some coverage noted the shares touched a new low after results — increasing short-term volatility risk. Consensus reduce

Snap Company Profile

Snap Inc is a camera and social media company best known for developing and operating Snapchat, a multimedia messaging application that allows users to send photos, videos and messages that disappear after being viewed. In addition to its core messaging service, Snap offers a suite of augmented reality (AR) tools, including custom Lenses and Filters, that enable users and third-party developers to create interactive and immersive experiences. The company also provides advertising solutions that allow brands to engage audiences through Snap Ads, Sponsored Lenses and Discover content on the platform.

Founded in 2011 by Evan Spiegel and Bobby Murphy, Snap has continually focused on innovation in camera technology and AR.