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Snap Inc has a consensus price target of $13.89 based on the ratings of 33 analysts. The high is $23 issued by Guggenheim on December 18, 2023. The low is $7 issued by China Renaissance on July 28, 2023. The 3 most-recent analyst ratings were released by Cantor Fitzgerald, B. Riley Securities, and Deutsche Bank on September 23, 2024, September 20, 2024, and September 18, 2024, respectively. With an average price target of $11 between Cantor Fitzgerald, B. Riley Securities, and Deutsche Bank, there's an implied 7.42% 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 Cantor Fitzgerald on September 23, 2024. The analyst firm set a price target for $8.00 expecting SNAP to fall to within 12 months (a possible -21.88% downside). 61 analyst firms have reported ratings in the last year.
The latest analyst rating for Snap (NYSE:SNAP) was provided by Cantor Fitzgerald, and Snap reiterated their neutral rating.
The last upgrade for Snap Inc happened on July 23, 2024 when Morgan Stanley raised their price target to $16. Morgan Stanley previously had an underweight 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 September 23, 2024 so you should expect the next rating to be made available sometime around September 23, 2025.
While ratings are subjective and will change, the latest Snap (SNAP) rating was a reiterated with a price target of $8.00 to $8.00. The current price Snap (SNAP) is trading at is $10.24, which is out of the analyst’s predicted range.
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