Wells Fargo & Company Cuts Snap (NYSE:SNAP) Price Target to $8.00

Snap (NYSE:SNAP) had its price target decreased by Wells Fargo & Company from $10.00 to $8.00 in a research report report published on Thursday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

Other research analysts have also recently issued reports about the stock. Arete Research upgraded Snap from a “sell” rating to a “neutral” rating in a report on Tuesday, November 18th. Canaccord Genuity Group set a $7.00 target price on Snap in a report on Thursday. UBS Group 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. Citigroup lifted their price objective on Snap from $8.50 to $10.00 and gave the company a “neutral” rating in a report on Wednesday, November 12th. Finally, Guggenheim reaffirmed a “neutral” rating and issued a $6.50 price objective on shares of Snap in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, twenty-three have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Snap currently has an average rating of “Hold” and an average price target of $8.66.

Snap Trading Up 2.3%

Shares of SNAP opened at $5.24 on Thursday. The firm has a market cap of $9.01 billion, a P/E ratio of -19.41 and a beta of 0.83. The company has a 50 day simple moving average of $7.58 and a two-hundred day simple moving average of $7.82. Snap has a 1 year low of $5.10 and a 1 year high of $11.26. 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 (NYSE:SNAP) last posted its earnings results on Wednesday, February 4th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). Snap had a negative net margin of 7.76% and a negative return on equity of 20.91%. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the prior year, the company posted $0.01 earnings per share. The firm’s revenue was up 10.2% compared to the same quarter last year. On average, equities analysts expect that Snap will post -0.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Snap

In other Snap news, CAO Rebecca Morrow sold 3,783 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $7.34, for a total value of $27,767.22. Following the completion of the transaction, the chief accounting officer directly owned 483,181 shares of the company’s stock, valued at approximately $3,546,548.54. The trade was a 0.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Michael J. O’sullivan sold 70,882 shares of the firm’s 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 $591,155.88. Following the sale, the general counsel directly owned 1,854,982 shares in the company, valued at $15,470,549.88. The trade was a 3.68% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 393,341 shares of company stock valued at $3,169,210 over the last quarter. Insiders own 22.68% of the company’s stock.

Hedge Funds Weigh In On Snap

A number of large investors have recently bought and sold shares of the business. Allworth Financial LP raised its position in Snap by 92.3% during the third quarter. Allworth Financial LP now owns 3,293 shares of the company’s stock worth $25,000 after acquiring an additional 1,581 shares during the period. V Square Quantitative Management LLC purchased a new stake in shares of Snap during the fourth quarter worth about $29,000. EverSource Wealth Advisors LLC raised its position in shares of Snap by 561.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,618 shares of the company’s stock worth $29,000 after purchasing an additional 3,071 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Snap in the 3rd quarter valued at about $33,000. Finally, Banque Cantonale Vaudoise acquired a new stake in Snap in the 3rd quarter worth about $39,000. Institutional investors and hedge funds own 47.52% of the company’s stock.

Trending Headlines about Snap

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

About Snap

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.