Bulls vs Bears
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Snap Inc has a consensus price target of $13.72 based on the ratings of 33 analysts. The high is $20 issued by BMO Capital on February 7, 2024. The low is $7 issued by China Renaissance on July 28, 2023. The 3 most-recent analyst ratings were released by Guggenheim, Citigroup, and Loop Capital on December 3, 2024, November 29, 2024, and November 5, 2024, respectively. With an average price target of $13.7 between Guggenheim, Citigroup, and Loop Capital, there's an implied 19.68% upside for Snap Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Snap (NYSE:SNAP) was reported by Guggenheim on December 3, 2024. The analyst firm set a price target for $12.11 expecting SNAP to rise to within 12 months (a possible 5.76% upside). 71 analyst firms have reported ratings in the last year.
The latest analyst rating for Snap (NYSE:SNAP) was provided by Guggenheim, and Snap reiterated their buy rating.
The last upgrade for Snap Inc happened on October 23, 2024 when JMP Securities raised their price target to $17. JMP Securities previously had a market perform for Snap Inc.
The last downgrade for Snap Inc happened on July 28, 2023 when China Renaissance changed their price target from N/A to $7 for Snap Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Snap, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Snap was filed on December 3, 2024 so you should expect the next rating to be made available sometime around December 3, 2025.
While ratings are subjective and will change, the latest Snap (SNAP) rating was a reiterated with a price target of $12.11 to $12.11. The current price Snap (SNAP) is trading at is $11.45, which is out of the analyst’s predicted range.
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