In the latest quarter, 14 analysts provided ratings for Snap SNAP, showcasing a mix of bullish and bearish perspectives.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 3 | 10 | 1 | 0 |
| Last 30D | 0 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 0 | 3 | 10 | 1 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $15.0, a high estimate of $18.00, and a low estimate of $12.00. This upward trend is evident, with the current average reflecting a 14.42% increase from the previous average price target of $13.11.
Analyzing Analyst Ratings: A Detailed Breakdown
In examining recent analyst actions, we gain insights into how financial experts perceive Snap. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Shyam Patil | Susquehanna | Raises | Neutral | $15.00 | $12.00 |
| Ken Gawrelski | Wells Fargo | Raises | Overweight | $18.00 | $16.00 |
| John Blackledge | TD Cowen | Raises | Hold | $14.00 | $11.00 |
| Aaron Kessler | Raymond James | Raises | Outperform | $16.00 | $15.00 |
| Mark Mahaney | Evercore ISI Group | Raises | In-Line | $14.00 | $13.00 |
| Brian Nowak | Morgan Stanley | Raises | Underweight | $12.00 | $11.00 |
| Eric Sheridan | Goldman Sachs | Raises | Neutral | $16.00 | $13.50 |
| Brad Erickson | RBC Capital | Raises | Sector Perform | $16.00 | $13.00 |
| Youssef Squali | Truist Securities | Raises | Hold | $16.00 | $12.00 |
| Mark Kelley | Stifel | Raises | Hold | $13.00 | $12.00 |
| Ross Sandler | Barclays | Raises | Overweight | $17.00 | $15.00 |
| Maria Ripps | Canaccord Genuity | Raises | Hold | $15.00 | $14.00 |
| Barton Crockett | Rosenblatt | Raises | Neutral | $14.00 | $12.00 |
| Rohit Kulkarni | Roth MKM | Maintains | Neutral | $14.00 | $14.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Snap. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Snap compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of Snap's stock. This comparison reveals trends in analysts' expectations over time.
Capture valuable insights into Snap's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on Snap analyst ratings.
Discovering Snap: A Closer Look
Snap owns one of the most popular social networking apps, Snapchat, claiming more than 400 million daily active users as of the end of 2023. Snap generates nearly all its revenue from advertising. While only about one quarter of users are in North America, the region accounts for about 65% of sales.
Key Indicators: Snap's Financial Health
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: Snap's revenue growth over a period of 3 months has been noteworthy. As of 31 March, 2024, the company achieved a revenue growth rate of approximately 20.85%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Communication Services sector.
Net Margin: Snap's net margin excels beyond industry benchmarks, reaching -25.54%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -13.42%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Snap's ROA excels beyond industry benchmarks, reaching -4.03%. This signifies efficient management of assets and strong financial health.
Debt Management: Snap's debt-to-equity ratio surpasses industry norms, standing at 1.83. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
Analyst Ratings: Simplified
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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